rbs201505296kbatch.htm
 
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549

 
 
Report of Foreign Private Issuer
 
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 
For the month of May 2015
 
Commission File Number: 001-10306

 
The Royal Bank of Scotland Group plc

 
RBS, Gogarburn, PO Box 1000
Edinburgh EH12 1HQ

 
(Address of principal executive offices)
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
 
Form 20-F X
  
Form 40-F ___
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):_________

 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):_________


Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.


Yes
   ___
No X
 
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 
 
The following information was issued as Company announcements in London, England and is furnished pursuant to General Instruction B to the General Instructions to Form 6-K:

 
 
 
Exhibit No. 1
Total Voting Rights dated 30 April 2015
Exhibit No. 2
RBS notes Fitch credit ratings action dated 19 May 2015
Exhibit No. 3
Disposal of Further Portfolio of Loans dated 26 May 2015
Exhibit No. 4
RBS notes credit ratings action by Moody's dated 29 May 2015
 
 
Exhibit No. 1
 
 
The Royal Bank of Scotland Group plc
Total Voting Rights - Conformity with the Disclosure and Transparency Rules
 
In conformity with the Disclosure and Transparency Rules, The Royal Bank of Scotland Group plc ('RBSG') hereby notifies the following in respect of its issued share capital with voting rights as at 30 April 2015:-
 
 
Share Class and nominal value
Number of Shares issued
Voting rights per share
Total Voting rights -
30-April-2015
Ordinary shares of £1
6,436,055,608
4
25,744,222,432
11% Cumulative Preference Shares of £1
500,000
4
2,000,000
5.5% Cumulative Preference Shares of £1
400,000
4
1,600,000
 Total:
6,436,955,608
  
25,747,822,432
 
 
of which none are held in Treasury.
 
There are also 51,000,000,000 Series 1 class B shares of £0.01 in issue which carry no voting rights.
 
The above figures may be used by shareholders of the respective classes of shares as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in their shareholding, under the FCA's Disclosure and Transparency Rules.
 
 
Exhibit No. 2
 
 
The Royal Bank of Scotland Group plc
 
RBS notes credit ratings action by Fitch
 
19 May 2015
 
The Royal Bank of Scotland Group plc ("RBS") notes the decision by the credit rating agency Fitch to:
 
 
·      Downgrade the long term rating of The Royal Bank of Scotland Group plc and certain of its affiliates by two notches to BBB+ from A
 
·      Downgrade the short term rating of The Royal Bank of Scotland Group plc and certain of its affiliates to F2 from F1
 
·      Improve its rating outlook of The Royal Bank of Scotland Group plc and certain of its affiliates to Stable from Negative
 
The rationale for downgrading these ratings is not RBS specific. Instead it relates to Fitch's review of sovereign support for banks globally. Fitch believes legislative, regulatory and policy initiatives have substantially reduced the likelihood of sovereign support for senior creditors of UK banks, in line with developments at the EU level. As a consequence, Fitch has revised RBS's "Support Rating" from '1' to '5'.
 
RBS welcomes Fitch's decision to improve its Viability Rating of the Royal Bank of Scotland Group plc and certain of its affiliates by one notch. This reflects Fitch's recognition of the significant progress RBS has made in improving its overall risk profile and capital position. This improvement offsets in part the negative impact of Fitch removing sovereign support, as noted above.
 
Table 1, Fitch updated credit ratings:
 
 
Entity
Long Term Issuer Default Rating
Outlook / Watch
Short Term Issuer Default Rating
The Royal Bank of Scotland Group plc
BBB+
Stable
F2
The Royal Bank of Scotland plc
BBB+
Stable
F2
National Westminster Bank plc
BBB+
Stable
F2
The Royal Bank of Scotland N.V.
BBB+
Stable
F2
RBS International Limited
BBB+
Stable
F2
RBS Securities Inc.
BBB+
Stable
F2
Ulster Bank Limited
BBB+
Stable
F2
Ulster Bank Ireland Limited
BBB
Stable
F2
 
For further information, please contact:
 
RBS Investor Relations
Matthew Richardson
Head of Debt Investor Relations
+44 (0) 20 7678 1800
 
 
Exhibit No. 3
 
 
26 May 2015
 
THE ROYAL BANK OF SCOTLAND GROUP ANNOUNCES DISPOSAL OF A FURTHER PORTFOLIO OF LOANS TO CERBERUS
 
Following the disposal of a portfolio of Irish real estate loans announced on 16 December 2014, The Royal Bank of Scotland Group plc (RBS) announces today the agreement to dispose of a further portfolio of loans to an entity affiliated with Cerberus Capital Management, L.P.. The disposal of this portfolio represents the final material transaction for RBS Capital Resolution (RCR) in Northern Ireland.
 
At completion, RBS will receive cash consideration of approximately £205m at current exchange rates. Completion is expected in June 2015. The disposal proceeds will be used for general corporate purposes.
 
This transaction forms part of the continued reduction of assets in RCR and is in line with the bank's plan to strengthen its capital position and reduce higher risk exposures.
 
The carrying value of the loans as at 31 December 2014 was approximately £205m. The gross assets are £1.4bn and the loans generated a loss in the region of approximately £16m in the year to 31 December 2014. The disposal of the portfolio is expected to result in a loss of approximately £5m after costs associated with the transaction.
 
- END -
 
For further information:
 
Investors
Media
   
Richard O'Connor
Head of Investor Relations
+44 (0) 207 672 1758
RBS Press Office
+44 (0) 131 523 4205
 
Ulster Bank Media Relations
+353 (0) 1 884 7032
   
 
 
FORWARD LOOKING STATEMENTS
 
This announcement contains forward looking statements with respect to the business, strategy and plans of RBS and its current goals and expectations relating to its future financial condition and performance. Statements that are not historical facts, including statements about RBS or RBS management's beliefs and expectations, are forward looking statements. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances that will or may occur. RBS' actual future business, strategy, plans and/or results may differ materially from those expressed or implied in these forward looking statements as a result of a variety of factors. Please refer to the latest Annual Report on Form 20-F filed with the US Securities and Exchange Commission for a discussion of certain factors together with examples of forward looking statements. The forward looking statements contained in this announcement are made as at the date of this announcement, and RBS undertakes no obligation to update any of its forward looking statements.
 
 
Exhibit No. 4
 
 
The Royal Bank of Scotland Group plc
 
RBS notes credit ratings action by Moody's
 
29 May 2015
 
The Royal Bank of Scotland Group plc ("RBS") notes the decision by the credit rating agency Moody's to:
 
 
·      Upgrade the long-term deposit and senior unsecured rating of The Royal Bank of Scotland plc and certain of its affiliates by one notch to A3 from Baa1
 
·      Affirm the short term deposit and senior unsecured rating of The Royal Bank of Scotland plc and certain of its affiliates at P-2
 
·      Downgrade the long-term deposit and senior unsecured rating of The Royal Bank of Scotland Group plc to Ba1 from Baa2
 
·      Downgrade the short-term senior unsecured rating of The Royal Bank of Scotland Group plc to Not Prime from P-2
 
·      Apply a Stable Outlook rating to The Royal Bank of Scotland Group plc and certain of its affiliates
 
Moody's summary credit ratings:
 
Entity
Long term deposit and senior unsecured
Outlook
Short term deposit and senior unsecured
The Royal Bank of Scotland Group plc
Ba1
Stable
Not Prime
The Royal Bank of Scotland plc
A3
Stable
P-2
National Westminster Bank plc
A3
Stable
P-2
The Royal Bank of Scotland N.V.
A3
Stable
P-2
 
 
For further information, please contact:
 
RBS Investor Relations
Matthew Richardson
Head of Debt Investor Relations
+44 (0) 20 7678 1800
 

 
Signatures


 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
 
Date: 29 May 2015
 
 
THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)
 
 
 
By:
/s/ Jan Cargill
 
 
Name:
Title:
Jan Cargill
Deputy Secretary