RBS.L Regulatory News (RBS)

The Royal Bank of Scotland Group plc

Reduction in Pillar 2A capital requirements

21 November 2019

The Royal Bank of Scotland Group plc ("Group") announces a reduction in the Group's Pillar 2A capital requirements, as determined by its regulator, the Prudential Regulation Authority. 

As of 14th November 2019, the total Pillar 2A requirement for the Group is reduced 20 bps to 3.4% (3.6% in 2018), of which 1.9% (2.0% in 2018) is held in the form of Common Equity Tier 1 capital.

There is no change to the Group's stated target ratio of 14% by the end of 2021.

 For further information, please contact:

Investor Relations

Alexander Holcroft

Head of Investor Relations

+44 (0) 207 672 1758

Paul Pybus

Head of Debt Investor Relations

+44 (0) 207 672 1754

 RBS Media Relations

+44 (0) 131 523 4205

Forward-looking statements

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