Royal Bank of Scotland at Barclays Conference Notes

This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. The quotes are generally pieces of information that I find interesting or helpful to understanding the company, industry or economy and are not meant to provide summaries of the full content of the call. Other posts in this series can be found by clicking here. Full transcripts can be found at Seeking Alpha.

“we are coming close to the finish line [on the restructuring]”

“Group funded assets have fallen 46% to £840 billion over the last four years…Group loan-to-deposit ratio has fallen to 96% with core at 88%.”

“We have clearly incurred significant losses in Ireland over the past several years, but the trend is improving. Underlying credit conditions in Ireland continue to show gradual improvement, as the economy and asset values have stabilized. ”

” up to this point in the plan, we have achieved almost all of our key milestones. These include reducing the government’s support for the Group, such as funding and liquidity report, exiting the APS. We turned back on the preference share coupons, and we complied with all of our EC mandated behaviors. We have completed two out of the four EC mandated divestitures”