A Short History
- 1727 - The Royal Bank of Scotland founded in Edinburgh by Royal Charter.
- 1783 - We opened our first branch, in Glasgow.
- 1874 - Opened a branch office in London.
- 1920s - Acquired Drummonds, William Deacon’s Bank, Glyn, Mills & Co and Child & Co.
- 1970 - Merged with the National Commercial Bank of Scotland and now accounted for more than 40% of Scotland’s banking business.
- 1985 - Direct Line set up.
- 1988 - Citizens Financial Group of Rhode Island acquired.
- 1992 - Acquired the private bank of Adam & Company.
- 1993 - Launched Direct Banking, quickly becoming Britain’s fastest-growing 24 hour telephone banking operation.
- 1997 - Announced the UK’s first fully-fledged online banking service. Began joint ventures with both Tesco and Virgin Direct.
- 2000 - Acquired National Westminster Bank plc (NatWest) in the biggest takeover in British banking history.
- 2003 - NatWest integration successfully completed in February with the original targets for cost savings and revenue benefits exceeded.
- 2003 - Acquired Churchill Insurance, forming the UK’s second-largest general insurer.
- 2005 - Signed strategic investment and co-operation agreements with the Bank of China, the second-largest bank in China.
- 2006 - Created Global Banking & Markets to leverage our global platform in the global financial markets.
- 2007 – Acquired ABN AMRO. It was the largest financial institution transaction ever, costing a total of €70 billion.
