COMMONS

RBS CEO requested to appear before Committee

06 March 2018

The Scottish Affairs Committee has written to Ross McEwan, Chief Executive Officer of the Royal Bank of Scotland, with a final request to set a date to appear before the Committee.

The Committee has raised a number of questions that remain unanswered in relation to plans to close 62 RBS branches in Scotland and the subsequent announcement of a partial reprieve for ten branches.

The Committee have previously heard from RBS Personal Banking executives Les Matheson and Jane Howard, but they have requested that Ross McEwan appear to provide more detail on a number of points including:

  • The reasons why RBS took the decision to delay the closures of some bank branches previously due to shut in May, and why this opportunity was not extended to other branches.
  • How the performance of branches that have been granted a six-month extension to prove their viability will be judged, and what support these branches will be provided during this period.
  • The details of the conversations that RBS had with the UK and Scottish? Governments before and after making the decision to close 62 branches in Scotland.
  • How RBS would respond to a request from the Government, as majority shareholder, to reconsider its closure programme.

The letter requests that Ross McEwan provides dates when he would be able to provide evidence in person before the Committee.

Chair's comments

Committee Chair Pete Wishart MP commented:

"RBS is a company that is still owned by the taxpayer and we still have many questions about the decision making process that will lead to so many communities in Scotland being left without vital banking services.

We also want more details on the branches that have been given a reprieve - on what basis will they be judged viable in the long term and why wasn’t this opportunity afforded to all affected branches."

Further information

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