Bank one of four on shortlist

Despite losses and legal actions RBS in running for top award

RBS GogarburnRoyal Bank of Scotland, which is facing two inquiries into its treatment of business customers, a number of shareholder actions in the courts and which slumped to a half-year loss, is in the running for a top award.

The bank is one of four contenders for the Scottish Financial Enterprise annual prize.

It is competing with banking software developer Avaloq, national business angel association Linc Scotland and the Glasgow Economic Leadership, Finance and Business Services Work Stream.

Owen Kelly, outgoing chief executive of SFE, said in a statement: “This year we have some real diversity among our finalists, but one common thread which stands out is the way they are all working to shape the future of financial services both here and abroad.

“We have a Swiss company developing high tech software in Scotland; a Scottish organisation helping to develop angel investing in the Caribbean, a bank helping entrepreneurs and start-ups take their next steps and a collaboration of education and industry helping young people take their first steps into the world of financial services.

“It’s always a challenge for the judges to choose a shortlist from the wealth of talent and initiative on offer, from the industry itself and among its varied support services, and this year has been no different.”

RBS made it on to the shortlist for backing a network of  start-up business accelerator hubs across the UK.

The award,backed by The Scotsman newspaper and EY, will be announced on 29 October.

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One Comment to Despite losses and legal actions RBS in running for top award

  1. RBS on this shortlist will stick in the throat of many businesses that went belly up thx to their practices ( allegedly) and those shareholders who lost much of their life savings. Astonishing decision .

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