Investing in Royal Bank of Scotland
Being such a well-known bank with a history going back almost 300 years, it is destined to have a robust economy. That is why RBS shares are among the most interesting when it comes to investing.
What is Royal Bank of Scotland?
The Royal Bank of Scotland was founded in 1727 and is currently headquartered in Edinburgh, Scotland, UK. This financial institution currently employs 71,200 people and is one of the main subsidiaries of the NatWest Group.
The bank has around 700 branches throughout the United Kingdom, mainly in Scotland. RBS has three main products in the banking category. These are Corporate Banking, Consumer Banking and Finance and Insurance.
Royal Bank of Scotland offers a wide variety of technological alternatives. Because of this, it has become one of the main options in Scotland for customers who want security and easy access to their money. Thanks to this platform and its products, today RBS continues to grow and increase its market share.
At the beginning of December 2020, buying Royal Bank of Scotland shares looks like an interesting decision. As of January 1 alone, they were up 6.57%, putting the RBS stock price at GBX 164.75 per share.
As of June 2020, the RBS share price stood at 120.55 GBX. This presumes a 36.66% rise in the stock over the last 6 months.
One reason that may generate this increase, is the use of digital banking over physical cash at COVID-19 time. So the stock is only on the rise for the next few months. So it’s a good decision to buy RBS stock.
Buying Royal Bank of Scotland shares: Advantages
- It is one of the most robust banks in the UK. The RBS share is presented as one of the best, as it is a bank as robust as the Royal Bank of Scotland. An entity with more than 700 branches and 2 million customers.
- Increase in digital banking. As we find ourselves in the COVID-19 era, physical money is being handled as little as possible. Instead, digital banking, a forte of Royal Bank of Scotland, is being used. So the RBS share price promises to rise further, with the influx of new customers.
- Support for 10,000 start-up businesses. The nascent businesses are growing fast and can comfortably repay debts to RBS. Because of this, the bank’s stock may improve even further in the coming months into next year.
- It is on a path of growth and renewal. This year alone, RBS changed its name to NatWest Group. In addition to this, it plans to include new products and benefits for customers. Thus increasing the users and increasing the RBS group’s share.
- High level of income. For 2019 alone, RBS had a Revenue level of GBP 14.25. This financial institution is looking to further consolidate its position today, in turn improving the bank’s share price.
Buying Royal Bank of Scotland shares: Disadvantage
- Regional isolation. Although the Royal Bank of Scotland is one of the largest financial institutions in Scotland, it has become very regionally limited. This local focus reduces its ability to expand on a large scale throughout the United Kingdom.
- Stock declines in recent years. Since 2018, RBS shares have been down. However, this is not comparable to the rapid growth it is having in recent months. It is even predicted that because of the COVID-19 situation, the entity will grow well above its value in that year.
Now knowing the advantages of investing in RBS, do you know what the process is like to buy Royal Bank of Scotland shares? By 2020, RBS shares have increased in value and with the global situation, this only looks more promising. Investing in this entity is a sure profit with almost immediate delivery.
Below, we will show you how to invest in RBS using the best stock brokers. Among these, you can choose to buy shares in some of the following brokers:
- IFC Markets
- Plus 500
Each of these brokers will allow you to invest internationally, no matter where you are. As long as you have one of the digital wallets they use or a credit card with international use. The steps for you to know how to buy in RBS, are the following:
- Go to the broker’s official website (IFC Market and Finder are excellent for RBS).
- Register on the site.
- Verify your account.
- Transfer the balance to your broker account with your digital wallet or credit card.
- Research what is the value of RBS shares.
- When accessing the stock, indicate the number of shares to buy, verify the price of the stock and click on the buy button.
- You’re done! Your order is placed. Wait for the transaction to be completed and you will have the shares in your account. Use them to sell or buy again, depending on the change in the RBS share price.
- Check how much an RBS share is worth before you buy, to see if the price is going down or up.
- Keep an eye on the specialized pages of RBS Nasdaq shares. This page provides you with updated information on many companies. In this way, you will be able to keep up to date with stock notifications.
- Check the price of the RBS stock exchange at the time of selling and do not hesitate to do so. So you can see your profits before the price can go down.
- Check the RBS stock price charts. Looking to analyze and therefore predict future prices or changes.