Rbs Aticle

border: THE ROYAL BANK OF SCOTLAND LIMITED - Analysis of financial Statements C Year 2006 - 2003 Q 2009 Source: http://www.brecorder.com/index.php?id=1024466&currPageNo=1& doubt=&search=&term=&supDate= OVERVIEW (February 24 2010): ABN Amro Bank (Pakistan) Limited (AABPL) was renamed as the Royal Bank of Scotland Limited on 1st vener competent 2008 as it was acquired by a consortium led by The Royal Bank of Scotland in October 2007. Prior to this acquisition on the global front, AABPL became a merged entity resulting from the merger of ABN Amro N.V-Pakistan Branches with and into Prime moneymaking(prenominal) Bank Limited effective from September 01, 2007. ABN Amro Bank N.V. capital of The Netherlands (which is the subsidiary of The Royal Bank of Scotland Group plc) was the parent partnership of RBS as it held 99.37% of issued administers. Recently, during August 2009, it was announced that MCB has acquired the assets of RBS after signing a share purchase agreement. MCB will acquire 99.37% of the ordinary share capital in RBS Pakistan from ABN Amro Bank N.V by acquiring 1.707 one thousand million of ordinary shares in RBS Pakistan at Rs 4.22 per share, paying Rs 7.2 gazillion or $87 million. MCB will later make a fond offer for the remaining 0.63% of ordinary shares not owned by the majority shareholder.

After the amalgamation, it became the second largest foreign bank, as it was able to expand its local operations. Now as the Royal Bank of Scotland (RBS) the bank has a network of 79 branches (including 3 Muslim Banking branches) in Pakistan and Azad Jammu and Kashmir. The bank is principally engaged in sell banking, corporate banking and treasury related activities. RBSs assets stand at Rs 105.7 billion and it employs about 5,000 employees. According to PACRA, the banks short-term credit pass judgment is (A1+) and long-term credit rating is (AA). RECENT RESULTS 2003 Q 2009 Net take income declined in the period under review by 14.2% to Rs 4.1 billion, maculation the net interest income after provisioning for bad... If you want to get a full essay, order it on our website: Orderessay

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