Menu
06/08/2010
RBS First Half Profits Leap By £9m
Part-nationalised Royal Bank of Scotland has seen net profits jump by £9 million for the first half of 2010.
The group, which is 83% taxpayer owned, was helped by improving bad debt losses as it moved from a £1.04 billion loss in the first half year.
Chief Executive Stephen Hester said the bank was on the road to recovery, but far from the finish.
He said: "We are making good progress with disposals and overall business restructuring.
"Our customer base is solid and I believe that the future potential of RBS for all its constituencies becomes increasingly visible."
The bank also took a £931 million tax charge, compared with £412 million credit a year earlier. Its gross lending to business had risen to £12,7 billion in the second quarter, up 27% on last year.
Mr Hester said that RBS core operations are expected to keep the current levels of profitability for the rest of the year, however he said it is too early to predict if the bank will make a profit for the full year.
(CD/BMcC)
The group, which is 83% taxpayer owned, was helped by improving bad debt losses as it moved from a £1.04 billion loss in the first half year.
Chief Executive Stephen Hester said the bank was on the road to recovery, but far from the finish.
He said: "We are making good progress with disposals and overall business restructuring.
"Our customer base is solid and I believe that the future potential of RBS for all its constituencies becomes increasingly visible."
The bank also took a £931 million tax charge, compared with £412 million credit a year earlier. Its gross lending to business had risen to £12,7 billion in the second quarter, up 27% on last year.
Mr Hester said that RBS core operations are expected to keep the current levels of profitability for the rest of the year, however he said it is too early to predict if the bank will make a profit for the full year.
(CD/BMcC)
Related UK National News Stories
Click here for the latest headlines.
09 January 2004
Euro soars on weak US jobs creation report
The US dollar has continued its decline against the euro, as the currency market reacted to a worse than expected December US employment report. The US jobs growth figures announced today saw the euro leap back to levels close to the near the record Tuesday high of $1.28.
Euro soars on weak US jobs creation report
The US dollar has continued its decline against the euro, as the currency market reacted to a worse than expected December US employment report. The US jobs growth figures announced today saw the euro leap back to levels close to the near the record Tuesday high of $1.28.
03 May 2013
RBS 'Could Be Privatised' By Next Year
The chairman of the Royal Bank of Scotland (RBS) has said the bank will be set to return to the private sector next year. Sir Philip Hampton made the comment in a video statement on the bank's website after the institution reported a return to profit for the first three months of the year.
RBS 'Could Be Privatised' By Next Year
The chairman of the Royal Bank of Scotland (RBS) has said the bank will be set to return to the private sector next year. Sir Philip Hampton made the comment in a video statement on the bank's website after the institution reported a return to profit for the first three months of the year.
29 June 2012
RBS Boss Turns Down Bonus Again
The Chief Executive of the Royal Bank of Scotland has waived his bonus for this year following the RBS computer failure that left many customers unable to access their accounts.
RBS Boss Turns Down Bonus Again
The Chief Executive of the Royal Bank of Scotland has waived his bonus for this year following the RBS computer failure that left many customers unable to access their accounts.
25 February 2010
RBS Posts Losses
The Royal Bank of Scotland (RBS) made losses of £3.6bn last year, results published today have revealed. According to the bank, it had experienced billions of pounds worth of bad loans. However, over £1.3bn of staff bonuses are still expected to be paid out.
RBS Posts Losses
The Royal Bank of Scotland (RBS) made losses of £3.6bn last year, results published today have revealed. According to the bank, it had experienced billions of pounds worth of bad loans. However, over £1.3bn of staff bonuses are still expected to be paid out.
03 August 2009
Barclays Profits Nearly £3 Billion
A top bank has announced pre-tax profits for the first six months of 2009 of £2.98 billion.
Barclays Profits Nearly £3 Billion
A top bank has announced pre-tax profits for the first six months of 2009 of £2.98 billion.
-
Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
