The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.


Best bank
Royal Bank of Scotland Best debt house
Barclays Capital

Best equities house

Best M&A house
Merrill Lynch

Best local partner
Collins Stewart

Royal Bank of Scotland is attracting attention across Europe for its increasing presence in a range of products including lending and securitization, in which it now has a portfolio across the region. In FX, too, it is now comfortably a top 10 bank globally. Corporate and investment banking gross profits for 2003 were up 11% over the previous year, at £7.15 billion ($13 billion).

And domestically, RBS is as strong as ever. It has banking relationships with 90% of FTSE 100 companies and it remains strong in cash management, retail banking and corporate services.

In debt capital markets, the past 12 months proved that UK banks cannot rely on winning mandates from key UK issuers. The large US dollar deal from the UK treasury excluded local banks, as did the inaugural UK covered bond from HBOS.

Citigroup had a great year, being involved with each of the highest profile issuers, including HBOS, GlaxoSmithKline, Network Rail, and the UK treasury in that dollar deal. It is the only bank that was involved in all of those key transactions.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree