Royal Bank of Scotland
Dundas House in Edinburgh, built in 1774, acquired by the Royal Bank of Scotland in 1821 and still its registered office | |
| Formerly | Adam & Company Public Limited Company |
|---|---|
| Company type | Private |
| Industry | Financial services |
| Founded | 31 May 1727 |
| Headquarters | Edinburgh, Scotland, UK |
Key people |
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| Services | |
Number of employees | 71,200 |
| Parent | NatWest Group |
| Website | rbs |
The Royal Bank of Scotland Public Limited Company (Scottish Gaelic: Banca Rìoghail na h-Alba) is a major retail and commercial bank in Scotland. It is one of the retail banking subsidiaries of NatWest Group, together with NatWest and Ulster Bank. The Royal Bank of Scotland has around 700 branches, mainly in Scotland, though there are branches in many larger towns and cities throughout England and Wales. The bank is completely separate from the fellow Edinburgh-based bank, the Bank of Scotland, which pre-dates the Royal Bank by 32 years. The Royal Bank of Scotland was established to provide a bank with strong Hanoverian and Whig ties.
Following ringfencing of the Group's core domestic business, the bank became a direct subsidiary of NatWest Holdings in 2019. NatWest Markets comprises the Group's investment banking arm. To give it legal form, the former RBS entity was renamed NatWest Markets in 2018; at the same time Adam and Company (which held a separate PRA banking licence) was renamed The Royal Bank of Scotland, with Adam and Company continuing as an RBS private banking brand until 2022.