Barclays Global Financial Services Conference
US R&C - a a valuable franchise
Earnings rebound continues - targeting 12% + ROE
US R&C ROE
8.4%
6.3%
12%+
FY11 actual H112 actual
Improved
funding cost
Loan growth Fee income
growth
Expenses
RWAS
Medium-
term target
A compelling franchise
12th largest bank in the US; extensive Branch,
ATM, online, and mobile networks
■Self funded with strong asset quality, credit.
ratings and capital ratios.
■ Key contributor to Group's geographic and
business mix diversity
Experienced leadership team embedded
■Capable of strong cash and capital generation
1 Source JP Morgan, as at 17/08/12.
*RBS Group
Focused delivery on strategic priorities
■ Significant progress in rebalancing Consumer/
Commercial Banking mix
Investment in franchise to deepen value
proposition and customer relationships
■Improving NIM from pricing and strategic
restructuring
Cost discipline engrained, walk to 60% cost/
income ratio established
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