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 November 6, 2009

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- ________

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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:

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	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
	£m	£m		£m	£m	£m
Net interest income	3,836	4,427		3,538	3,322	3,261		(15%)	(2%)
Non-interest income (excluding insurance net premium income)	3,340	(5,503)		3,776	1,498	2,532		(24%)	69%
Insurance net premium income	1,409	1,439		1,356	1,301	1,301		(8%)	-
Total income	8,585	363		8,670	6,121	7,094		(17%)	16%
Operating expenses	(4,060)	(3,735)		(4,667)	(4,066)	(4,195)		3%	3%
Profit/(loss) before other operating charges	4,525	(3,372)		4,003	2,055	2,899		(36%)	41%
Insurance net claims	(934)	(1,056)		(966)	(925)	(1,145)		23%	24%
Operating profit before impairment losses	3,591	(4,428)		3,037	1,130	1,754		(51%)	55%
Impairment losses	(1,280)	(4,673)		(2,858)	(4,663)	(3,279)		156%	(30%)
Group operating profit/(loss)*	2,311	(9,101)		179	(3,533)	(1,525)		(166%)	(57%)
Amortisation of purchased intangible assets	(119)	(62)		(85)	(55)	(73)		(39%)	33%
Integration and restructuring costs	(289)	(752)		(379)	(355)	(324)		12%	(9%)
Write-down of goodwill	-	(16,196)		-	(311)	-		-	-
Gain on redemption of own debt	-	-		-	3,790	-		-	-
Strategic disposals	-	442		241	212	(155)		-	(173%)
Profit/(loss) before tax	1,903	(25,669)		(44)	(252)	(2,077)		-	-
Tax	(724)	1,701		(228)	640	576		(180%)	(10%)
Profit/(loss) from continuing operations	1,179	(23,968)		(272)	388	(1,501)		-	-
Loss from discontinued operations	(46)	1		(45)	(13)	(7)		(85%)	(46%)
Profit/(loss) for the period	1,133	(23,967)		(317)	375	(1,508)		-	-
Minority interests	(43)	(221)		(471)	(83)	(47)		9%	(43%)
Preference share and other dividends	(219)	(162)		(114)	(432)	(245)		12%	(43%)
Profit/(loss) attributable to ordinary shareholders	871	(24,350)		(902)	(140)	(1,800)		-	-

Key metrics
Cost:income ratio	47.3%	1,028.9%		53.8%	66.4%	59.1%		(1,184bp)	730bp
Net interest margin	2.05%	2.10%		1.78%	1.70%	1.75%		(30bp)	5bp
Risk-weighted assets	£543.1bn	£577.8bn		£575.7bn	£547.3bn	£594.7bn		10%	9%
Risk elements In lending	£10.8bn	£18.8bn		£23.7bn	£30.7bn	£35.0bn		-	14%
Provision balance as % of REIL/PPLs*	51%	50%		45%	44%	43%		(800bp)	(100bp)

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
	£m	£m		£m	£m	£m
Operating profit/(loss) before impairment losses
UK Retail	420	381		371	490	468		11%	(4%)
UK Corporate	523	487		421	535	566		8%	6%
Wealth	103	77		100	134	120		17%	(10%)
Global Banking & Markets	616	(2,597)		3,845	1,116	647		5%	(42%)
Global Transaction Services	275	285		240	269	275		-	2%
Ulster Bank	98	36		71	78	59		(40%)	(24%)
US Retail & Commercial	236	312		182	136	137		(42%)	1%
RBS Insurance	150	176		81	142	13		(91%)	(91%)
Central items	813	(476)		486	(311)	121		(85%)	139%
Core	3,234	(1,319)		5,797	2,589	2,406		(26%)	(7%)
Non-Core	357	(3,109)		(2,760)	(1,459)	(652)		-	55%
Operating profit/(loss) before impairment losses	3,591	(4,428)		3,037	1,130	1,754		(51%)	55%
Included in the above are movements in fair value of own debt:
Global Banking & Markets	648	(875)		647	(482)	(320)		(149%)	(34%)
Central items	633	14		384	(478)	(163)		(126%)	(66%)
	1,281	(861)		1,031	(960)	(483)		(138%)	(50%)
Impairment losses by division
UK Retail	287	292		354	470	404		41%	(14%)
UK Corporate	55	169		100	450	187		-	(58%)
Wealth	3	8		6	16	1		(67%)	(94%)
Global Banking & Markets	2	505		269	(31)	272		-	-
Global Transaction Services	7	40		9	4	22		-	-
Ulster Bank	17	71		67	90	144		-	60%
US Retail & Commercial	134	177		223	146	180		34%	23%
RBS Insurance	-	42		5	1	2		-	100%
Central items	7	11		(3)	1	1		(86%)	-
Core	512	1,315		1,030	1,147	1,213		137%	6%
Non-Core	768	3,358		1,828	3,516	2,066		169%	(41%)
Total impairment losses	1,280	4,673		2,858	4,663	3,279		156%	(30%)

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
	£m	£m		£m	£m	£m
Operating profit/(loss) by division
UK Retail	133	89		17	20	64		(52%)	-
UK Corporate	468	318		321	85	379		(19%)	-
Wealth	100	69		94	118	119		19%	1%
Global Banking & Markets	614	(3,102)		3,576	1,147	375		(39%)	(67%)
Global Transaction Services	268	245		231	265	253		(6%)	(5%)
Ulster Bank	81	(35)		4	(12)	(85)		-	-
US Retail & Commercial	102	135		(41)	(10)	(43)		(142%)	-
RBS Insurance	150	134		76	141	11		(93%)	(92%)
Central items	806	(487)		489	(312)	120		(85%)	(138%)
Core	2,722	(2,634)		4,767	1,442	1,193		(56%)	(17%)
Non-Core	(411)	(6,467)		(4,588)	(4,975)	(2,718)		-	(45%)
Group operating profit/(loss)	2,311	(9,101)		179	(3,533)	(1,525)		(166%)	(57%)
Loan impairment losses	1,023	4,049		2,276	4,520	3,262		-	(28%)
Impairment losses on available-for-sale securities	257	624		582	143	17		(93%)	(88%)
	1,280	4,673		2,858	4,663	3,279		156%	(30%)
Loan impairment charge as % of gross loans and advances excluding reverse repurchase agreements	0.64%	2.24%		1.34%	2.98%	2.14%		150bp	(84bp)
	2008			2009				30 Sept 2009 vs
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Risk-weighted assets by division
UK Retail	46.2	45.7		49.6	54.0	51.6		12%	(4%)
UK Corporate	88.7	85.7		86.2	89.5	91.0		3%	2%
Wealth	10.8	10.8		10.6	10.3	10.7		(1%)	4%
Global Banking & Markets	165.4	162.4		148.6	122.4	131.9		(20%)	8%
Global Transaction Services	19.4	17.4		18.7	16.7	18.9		(3%)	13%
Ulster Bank	22.2	24.5		26.2	26.2	28.5		28%	9%
US Retail & Commercial	51.4	63.9		64.3	55.6	62.8		22%	13%
Other	8.3	7.1		7.8	8.5	9.0		9%	5%
Core	412.4	417.5		412.0	383.2	404.4		(2%)	6%
Non-Core	130.7	160.3		163.7	164.1	190.3		46%	16%
Total risk-weighted assets	543.1	577.8		575.7	547.3	594.7		10%	9%

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income	821	856		797	868	848		3%	(2%)
Net fees and commissions - banking	365	345		337	321	303		(17%)	(6%)
Other non-interest income (net of insurance claims)	34	54		53	69	69		103%	-
Non-interest income	399	399		390	390	372		(7%)	(5%)
Total income	1,220	1,255		1,187	1,258	1,220		-	(3%)
Direct expenses
-  staff	(243)	(236)		(214)	(214)	(206)		(15%)	(4%)
-  other	(109)	(101)		(115)	(102)	(99)		(9%)	(3%)
Indirect expenses	(448)	(537)		(487)	(452)	(447)		-	(1%)
	(800)	(874)		(816)	(768)	(752)		(6%)	(2%)
Operating profit before impairment losses	420	381		371	490	468		11%	(4%)
Impairment losses	(287)	(292)		(354)	(470)	(404)		41%	(14%)
Operating profit	133	89		17	20	64		(52%)	-
Analysis of income by product:
Personal advances	310	296		305	311	303		(2%)	(3%)
Personal deposits	557	470		397	354	319		(43%)	(10%)
Mortgages	93	186		207	273	319		-	17%
Bancassurance	34	51		52	69	69		103%	-
Cards	205	208		204	212	225		10%	6%
Other	21	44		22	39	(15)		(171%)	(138%)
Total income	1,220	1,255		1,187	1,258	1,220		-	(3%)
Analysis of impairment by sector:
Mortgages	9	9		22	41	26		189%	(37%)
Personal	144	169		195	299	247		72%	(17%)
Cards	134	114		137	130	131		(2%)	1%
Total impairment	287	292		354	470	404		41%	(14%)
Loan impairment charge as % of gross customer loans and advances by sector:
Mortgages	0.05%	0.05%		0.12%	0.21%	0.13%		8bp	(8bp)
Personal	3.76%	4.42%		5.20%	8.31%	6.81%		305bp	(149bp)
Cards	8.25%	7.24%		9.13%	8.52%	8.59%		34bp	7bp
	1.23%	1.24%		1.50%	1.94%	1.60%		37bp	(34bp)

	2008			2009				Q3 2009 vs.
Key metrics	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Performance ratios
Return on equity (1)	9.4%	6.5%		1.2%	1.4%	4.6%		(480bp)	320bp
Net interest margin	3.62%	3.73%		3.46%	3.69%	3.47%		(15bp)	(22bp)
Cost:income ratio	65.4%	63.8%		69.0%	59.6%	57.4%		800bp	227bp
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Loans and advances to customers - gross
- mortgages	71.5	72.2		73.3	76.6	80.3		12%	5%
- personal	15.3	15.3		15.0	14.4	14.5		(5%)	1%
- cards	6.5	6.3		6.0	6.1	6.1		(6%)	-
Customer deposits (excluding bancassurance)	76.5	78.9		80.3	83.4	85.6		12%	3%
AUMs - excluding deposits	6.4	5.7		4.6	4.7	5.0		(22%)	6%
Risk elements in lending	3.4	3.8		4.1	4.5	4.7		38%	4%
Loan:deposit ratio (excluding repos)	121.9%	119.0%		117.5%	116.4%	117.8%		(408bp)	139bp
Risk-weighted assets	46.2	45.7		49.6	54.0	51.6		12%	(4%)

Note:
(1)	Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income	618	588		499	560	607		(2%)	8%
Net fees and commissions	222	215		194	219	223		-	2%
Other non-interest income	114	107		117	109	106		(7%)	(3%)
Non-interest income	336	322		311	328	329		(2%)	-
Total income	954	910		810	888	936		(2%)	5%
Direct expenses
-  staff	(206)	(210)		(185)	(182)	(174)		(16%)	(4%)
-  other	(96)	(73)		(74)	(46)	(71)		(26%)	54%
Indirect expenses	(129)	(140)		(130)	(125)	(125)		(3%)	-
	(431)	(423)		(389)	(353)	(370)		(14%)	5%
Operating profit before impairment losses	523	487		421	535	566		8%	6%
Impairment losses	(55)	(169)		(100)	(450)	(187)		-	(58%)
Operating profit	468	318		321	85	379		(19%)	-
Analysis of income by business:
Corporate and commercial lending	542	529		538	586	616		14%	5%
Asset and invoice finance	60	53		48	57	59		(2%)	4%
Corporate deposits	342	338		290	263	241		(30%)	(8%)
Other	10	(10)		(66)	(18)	20		100%	-
Total income	954	910		810	888	936		(2%)	5%
Analysis of impairment by sector:
Manufacturing	5	6		4	17	7		40%	(59%)
Housebuilding and construction	6	31		6	55	58		-	5%
Property	11	6		11	149	69		-	(54%)
Asset & invoice finance	24	39		21	47	4		(83%)	(91%)
Other	9	87		58	182	49		-	(73%)
Total impairment	55	169		100	450	187		-	(58%)
Loan impairment charge as % of gross customer loans and advances (excluding reverse  repurchase agreements) by sector:
Manufacturing	0.41%	0.44%		0.32%	1.36%	0.56%		15bp	(80bp)
Housebuilding and construction	0.41%	2.10%		0.40%	4.40%	4.64%		423bp	24bp
Property	0.15%	0.08%		0.14%	1.81%	0.92%		77bp	(89bp)
Asset & invoice finance	1.13%	1.84%		0.93%	2.09%	0.18%		(95bp)	(191bp)
Other	0.06%	0.52%		0.36%	1.20%	0.30%		25bp	(90bp)
	0.19%	0.58%		0.34%	1.60%	0.66%		47bp	(94bp)

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Key metrics
Performance ratios
Return on equity (1)	18.6%	12.9%		12.7%	3.2%	13.7%		(490bp)	1,050bp
Net interest margin	2.40%	2.20%		1.88%	2.17%	2.38%		(2bp)	21bp
Cost:income ratio	45.2%	46.5%		48.0%	39.8%	39.5%		565bp	22bp
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Total assets	117.8	121.0		120.1	116.2	117.3		-	1%
Loans and advances to customers - gross
- manufacturing	4.9	5.4		5.0	5.0	5.0		2%	-
- housebuilding and construction	5.8	5.9		6.0	5.0	5.0		(14%)	-
- property	30.0	30.5		32.0	33.0	30.0		-	(9%)
- asset and invoice finance	8.5	8.5		9.0	9.0	9.0		6%	-
- other	64.8	66.6		64.7	60.6	64.9		-	7%
Customer deposits	85.9	82.0		82.9	85.6	86.7		1%	1%
Risk elements in lending	1.5	1.3		2.0	2.4	2.5		67%	4%
Loan:deposit ratio (excluding repos)	132.7%	142.7%		140.8%	131.6%	131.4%		(125bp)	(16bp)
Risk-weighted assets	88.7	85.7		86.2	89.5	91.0		3%	2%

Note:
(1)	Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 8% of divisional risk-weighted assets, adjusted for capital deductions).

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income	153	160		158	176	168		10%	(5%)
Net fees and commissions	98	96		90	90	92		(6%)	2%
Other non-interest income	19	19		21	21	19		-	(10%)
Non-interest income	117	115		111	111	111		(5%)	-
Total income	270	275		269	287	279		3%	(3%)
Direct expenses
-  staff	(94)	(97)		(90)	(78)	(82)		(13%)	5%
-  other	(34)	(51)		(33)	(34)	(35)		3%	3%
Indirect expenses	(39)	(50)		(46)	(41)	(42)		8%	2%
	(167)	(198)		(169)	(153)	(159)		(5%)	4%
Operating profit before impairment losses	103	77		100	134	120		17%	(10%)
Impairment losses	(3)	(8)		(6)	(16)	(1)		(67%)	(94%)
Operating profit	100	69		94	118	119		19%	1%
Analysis of income:
Private Banking	211	221		219	242	232		10%	(4%)
Investments	59	54		50	45	47		(20%)	4%
Total income	270	275		269	287	279		3%	(3%)
Key metrics
Performance ratios
Net interest margin	4.68%	4.56%		4.47%	4.82%	4.34%		(34bp)	(48bp)
Cost:income ratio	61.9%	72.0%		62.8%	53.3%	57.0%		486bp	(368bp)
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Loans and advances to customers  gross
- mortgages	5.0	5.3		5.5	5.6	6.1		22%	9%
- personal	4.9	5.0		4.6	4.7	4.8		(2%)	2%
- other	2.0	2.1		2.2	2.1	2.5		25%	19%
Customer deposits	35.8	34.1		34.9	35.3	36.3		1%	3%
AUMs - excluding deposits	34.6	34.7		31.3	29.8	31.7		(8%)	6%
Risk elements in lending	0.1	0.1		0.1	0.2	0.2		100%	-
Loan:deposit ratio (excluding repos)	33.3%	36.3%		35.3%	35.2%	36.9%		360bp	172bp
Risk-weighted assets	10.8	10.8		10.6	10.3	10.7		(1%)	4%

Note:
(1)	Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 8% of divisional risk-weighted assets, adjusted for capital deductions).

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income from banking activities	535	1,054		812	660	447		(16%)	(32%)
Net fees and commissions receivable	405	187		291	409	338		(17%)	(17%)
Income/(loss) from trading activities	760	(2,918)		4,329	1,338	1,184		56%	(12%)
Other operating income (net of related funding costs)	(22)	(119)		(93)	(97)	(110)		-	13%
Non-interest income	1,143	(2,850)		4,527	1,650	1,412		24%	(14%)
Total income	1,678	(1,796)		5,339	2,310	1,859		11%	(20%)
Direct expenses
-  staff	(618)	(178)		(1,001)	(762)	(760)		23%	-
-  other	(284)	(421)		(300)	(231)	(261)		(8%)	13%
Indirect expenses	(160)	(202)		(193)	(201)	(191)		19%	(5%)
	(1,062)	(801)		(1,494)	(1,194)	(1,212)		14%	2%
Operating profit/(loss) before impairment losses	616	(2,597)		3,845	1,116	647		5%	(42%)
Impairment losses	(2)	(505)		(269)	31	(272)		-	-
Operating profit/(loss)	614	(3,102)		3,576	1,147	375		(39%)	(67%)
Analysis of income by product:
Rates - money markets	384	748		853	466	287		(25%)	(38%)
Rates - flow	-	16		1,297	536	694		-	29%
Currencies	417	414		558	384	141		(66%)	(63%)
Commodities	47	403		228	239	120		155%	(50%)
Equities	21	(214)		371	364	282		-	(23%)
Credit markets	(105)	(2,341)		858	690	475		-	(31%)
Portfolio management and origination	266	53		527	113	180		(32%)	59%
Fair value of own debt	648	(875)		647	(482)	(320)		(149%)	(34%)
Total income	1,678	(1,796)		5,339	2,310	1,859		11%	(20%)
Analysis of impairment by sector:
Manufacturing and infrastructure	-	39		16	23	33		-	43%
Property and construction	-	-		46	4	-		-	-
Transport	-	-		-	1	2		-	100%
Banks and financial institutions	-	194		4	39	237		-	-
Others	2	272		203	(98)	-		-	-
Total impairment	2	505		269	(31)	272		-	-
Loan impairment charge as % of gross customer loans and advances (excluding reverse repurchase agreements)	-	1.13%		0.68%	(0.11%)	0.60%		60bp	71bp

	2008			2009				Q3 2009 vs.
Key metrics	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Performance ratios
Return on equity (1)	10.5%	(54.1%)		66.1%	25.1%	7.7%		(280bp)	(1,740bp)
Net interest margin	1.24%	1.99%		2.02%	1.48%	1.08%		(16bp)	(40bp)
Cost:income ratio	63.3%	(44.6%)		28.0%	51.7%	65.2%		(191bp)	(1,351bp)
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Loans and advances (including banks)	188.6	225.5		206.5	156.0	157.0		(17%)	1%
Reverse repos	206.5	88.8		80.6	75.2	75.4		(63%)	-
Securities	157.6	127.5		124.3	115.5	117.6		(25%)	2%
Cash and eligible bills	35.3	20.2		28.6	51.5	63.8		81%	24%
Other assets	72.3	42.9		43.1	46.2	50.8		(30%)	10%
Total third party assets (excluding derivatives mark to market)	660.3	504.9		483.1	444.4	464.6		(30%)	5%
Net derivative assets (after netting)	73.0	113.0		98.0	70.7	81.5		12%	15%
Customer deposits (excluding repos)	91.0	88.6		81.8	65.0	58.1		(36%)	(11%)
Risk elements in lending	0.3	0.7		0.8	1.1	1.6		-	49%
Loan:deposit ratio (excluding repos)	158.7%	192.0%		194.4%	182.7%	192.4%		3,368bp	962bp
Risk-weighted assets	165.4	162.4		148.6	122.4	131.9		(20%)	8%

Note:
(1)	Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 10% of divisional risk-weighted assets, adjusted for capital deductions).

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income	244	249		220	225	234		(4%)	4%
Non-interest income	375	407		385	398	388		3%	(3%)
Total income	619	656		605	623	622		-	-
Direct expenses
-  staff	(91)	(93)		(95)	(87)	(87)		(4%)	-
-  other	(38)	(42)		(35)	(38)	(37)		(3%)	(3%)
Indirect expenses	(215)	(236)		(235)	(229)	(223)		4%	(3%)
	(344)	(371)		(365)	(354)	(347)		1%	(2%)
Operating profit before impairment losses	275	285		240	269	275		-	2%
Impairment losses	(7)	(40)		(9)	(4)	(22)		-	-
Operating profit	268	245		231	265	253		(6%)	(5%)
Analysis of income by product:
Domestic cash management	203	210		202	204	202		-	(1%)
International cash management	179	200		169	179	183		2%	2%
Trade finance	60	70		75	77	71		18%	(8%)
Merchant acquiring	147	145		129	131	134		(9%)	2%
Commercial cards	30	31		30	32	32		7%	-
Total income	619	656		605	623	622		-	-
Key metrics
Performance ratios
Net interest margin	8.54%	8.00%		8.29%	9.23%	9.63%		109bp	40bp
Cost:income ratio	55.6%	56.6%		60.3%	56.8%	55.8%		(22bp)	103bp
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2 008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Total third party assets	23.9	22.2		21.1	19.4	21.4		(10%)	10%
Loans and advances	18.0	14.8		14.7	13.5	14.5		(19%)	7%
Customer deposits	60.3	61.8		58.3	54.0	58.6		(3%)	9%
Risk elements in lending	0.2	0.1		0.1	0.1	0.2		-	100%
Loan:deposit ratio (excluding repos)	31.3%	25.1%		26.4%	25.9%	25.6%		(578bp)	(29bp)
Risk-weighted assets	19.4	17.4		18.7	16.7	18.9		(3%)	13%

	2008			2009				Q3 2009 vs.
	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Income statement	£m	£m		£m	£m	£m
Net interest income	207	174		202	208	176		(15%)	(15%)
Net fees and commissions	69	60		46	39	45		(35%)	15%
Other non-interest income	-	(6)		11	12	10		-	(17%)
Non-interest income	69	54		57	51	55		(20%)	8%
Total income	276	228		259	259	231		(16%)	(11%)
Direct expenses
-  staff	(84)	(87)		(89)	(81)	(79)		(6%)	(2%)
-  other	(23)	(24)		(22)	(25)	(20)		(13%)	(20%)
Indirect expenses	(71)	(81)		(77)	(75)	(73)		3%	(3%)
	(178)	(192)		(188)	(181)	(172)		(3%)	(5%)
Operating profit before impairment losses	98	36		71	78	59		(40%)	(24%)
Impairment losses	(17)	(71)		(67)	(90)	(144)		-	60%
Operating profit/(loss)	81	(35)		4	(12)	(85)		-	-
Analysis of income by business:
Ulster corporate	160	139		162	138	134		(16%)	(3%)
Ulster retail	107	92		93	101	104		(3%)	3%
Other	9	(3)		4	20	(7)		(178%)	(135%)
Total income	276	228		259	259	231		(16%)	(11%)
Analysis of impairment by sector:
Mortgages	5	4		14	10	30		-	-
Corporate	3	43		40	66	87		-	32%
Other	9	24		13	14	27		-	93%
Total impairment	17	71		67	90	144		-	60%
Loan impairment charge as % of gross customer loans and advances excluding reverse repurchase agreements by sector:
Mortgages	0.13%	0.10%		0.32%	0.25%	0.72%		59bp	48bp
Corporate	0.06%	0.72%		0.71%	1.23%	1.59%		153bp	36bp
Other	1.61%	4.60%		2.58%	3.50%	5.40%		379bp	190bp
	0.18%	0.65%		0.64%	0.92%	1.42%		124bp	50bp

	2008			2009				Q3 2009 vs.
Key metrics	Q3	Q4		Q1	Q2	Q3		Q3 2008	Q2 2009
Performance ratios
Return on equity (1)	17.3%	(6.5%)		0.7%	(2.0%)	(12.7%)		(3,000bp)	(1,070bp)
Net interest margin	2.04%	1.67%		1.87%	2.03%	1.74%		(30bp)	(29bp)
Cost:income ratio	64.5%	84.2%		72.6%	69.9%	74.5%		(997bp)	(458bp)
	2008			2009				30 Sept 2009 vs.
	30 Sept	31 Dec		31 Mar	30 June	30 Sept		30 Sept 2008	30 June 2009
	£bn	£bn		£bn	£bn	£bn
Capital and balance sheet
Loans and advances to customers  gross:
- mortgages	15.5	18.1		17.4	16.0	16.7		8%	4%
- corporate	19.3	23.8		22.8	21.2	21.9		13%	3%
- other	2.2	2.1		2.0	1.8	2.0		(9%)	11%
Customer deposits	21.5	24.3		19.5	18.9	20.9		(3%)	11%
Risk elements in lending:
- mortgages	0.2	0.3		0.4	0.4	0.5		150%	25%
- corporate	0.2	0.8		1.0	1.1	1.3		-	18%
- other	0.1	0.1		0.1	0.1	0.2		100%	-
Loan:deposit ratio (excluding repos)	172.3%	181.1%		217.4%	206.3%	194.0%		2,165bp	(1,237bp)
Risk-weighted assets	22.2	24.5		26.2	26.2	28.5		28%	9%

Note:
(1)	Return on equity is based on divisional operating profit after tax, divided by divisional notional equity (based on 7% of divisional risk-weighted assets, adjusted for capital deductions).

 

 

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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:   06 November 2009

THE ROYAL BANK OF SCOTLAND GROUP plc (Registrant)

By:

/s/ A N Taylor

Name: Title:

A N Taylor Head of Group Secretariat