RBS 2005 Annual Report Download - page 34
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Citizens
32
Citizens
Profit contribution £1,575 million (2004 – £1,069 million)
Total income up 43%
Profit up 47%
Make it happen
K-Sea Transportation has been a business
customer with Citizens for over 3 years.
It builds ferries, tugs and barges, one of
which is seen here on the famous Staten
Island crossing. To help fund further
investment in its business K-Sea looked to
Citizens Bank for a US$37 million Senior
Credit Facility, US$34 million in equipment
leases, and foreign exchange services.