Bank of Scotland International records strong financial results

Bank of Scotland International has recorded strong financial result during 2006 and has seen operating profits increase to £39.4m from £37.8m in 2005.

Financial highlights include:

  • A record year for savings balance growth, with the value of savings deposits increasing by 23%. In particular, Bank of Scotland International's fixed deposit offering has been spectacularly successful, contributing £600m of the £1bn increase in balances.
  • £1bn additional Treasury deposits.
  • The highest year-on-year increase in mortgage volumes, which increased by 56%. This was assisted by a strong sales performance and the distribution partnership with the UK BOS Residential Mortgages team.

Neale Smith, Finance Director at Bank of Scotland International, said,"These are strong results, reflecting a high level of commitment from all of our staff. Our growth strategies are really starting to pay off."

Bank of Scotland International

Bank of Scotland International is the international banking division of Bank of Scotland plc, part of Lloyds Banking Group. It is headquartered in Jersey. It also has operations in the Isle of Man and Hong Kong. [1].

The Bank offers offshore banking facilities to customers, with accounts available in Pound sterling as well as US dollars and euros.

The Bank was formed shortly after the merger of Bank of Scotland and Halifax to form HBOS, and the two bank's international arms were merged. Bank of Scotland Offshore Limited, based in the Isle of Man was merged with Halifax International Limited based in Jersey.

ABN AMRO Holding N.V

On 22 September 2008, RFS Holdings B.V., the company incorporated by RBS, Fortis and Santander to acquire ABN AMRO Holding N.V. (“ABN AMRO”), completed the squeeze out of minority shareholders of ABN AMRO. As a result, RFS Holdings B.V. has now become the sole shareholder of ABN AMRO.

ABN AMRO Holding N.V. held its final General Meeting of Shareholders on 11 April 2008 at the Head Office of ABN AMRO Bank N.V., Gustav Mahlerlaan 10, 1082 PP Amsterdam, the Netherlands. On this page you can find more information about that meeting and others that have taken place in the past.