Royal bank of scotland group investor presentation

Group Operating Profit UK GAAP 2004 £m Slide 6 2003 Change Change £m £m Corporate Banking & Financial Markets 4,265 3,620 645 +18% Retail Markets 4,787 4,453 334 +8% Manufacturing (2,439) (2,114) (325) -15% Citizens 1,037 857 180 +21% RBS Insurance 862 609 253 +42% Ulster Bank 468 354 114 +32% Central items (879) (711) (168) -24% Group operating profit 8,101 7,068 1,033 +15%

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