The Royal Bank of Scotland (RBS) is an overlooked bank in Europe due to years of balance sheet cleanup and poor financial performance due to past issues. However, RBS is now in a much better position and has considerable upside potential as the bank improves its profitability, deploys its excess capital position, and the government reduces its stake.
Its discounted valuation acts as downside protection, making RBS an interesting restructuring play within the European banking sector right now.
Company Overview
The Royal Bank of Scotland provides several financial services and products, being one