Royal Bank of Scotland Group

Royal Bank of Scotland Group PLC Charges related to Payment Protection Insurance

Royal Bank of Scotland Group plc (LON:RBS) today provided an update in respect of charges related to Payment Protection Insurance (“PPI”). RBS has been implementing the FCA’s policy statement for handling complaints about the mis-selling of PPI since 2011. Under the FCA’s Policy Statement 10/12, the deadline for filing complaints related to the mis-selling of PPI expired on 29 August 2019. To 30 …

Royal Bank of Scotland Group

Royal Bank of Scotland Group plc Brexit uncertainty likely to make income growth more challenging in the near term

Royal Bank of Scotland Group plc (LON:RBS), today released Q1 Interim Management Statement RBS reported an operating profit before tax of £1,013 million, compared with £1,213 million in Q1 2018 primarily reflecting £265 million lower income, partially offset by £73 million lower operating expenses. ● Q1 2019 attributable profit of £707 million compared with £808 million in Q1 2018. Supporting …

Royal Bank of Scotland Group

Royal Bank of Scotland Group PLC A good financial performance in uncertain economic conditions

Royal Bank of Scotland Group PLC (LON:RBS) today announced 2018 performance summary ● Q4 2018 operating profit before tax of £572 million and an attributable profit of £286 million. Continued track record of delivery Income resilient in a competitive market: ● Income increased by £269 million, or 2.0%, compared with 2017. Excluding notable items, NatWest Markets and Central items, income …

Royal Bank of Scotland Group operating profit of £961 million

Royal Bank of Scotland Group (LON:RBS), today released Q3 2018 interim management statement.

●Q3 2018 attributable profit of £448 million and £1,336 million for the year to date.

Income stable in a competitive market:

●Income increased by £268 million, or 2.7%, for the year to date compared with 2017. Excluding NatWest Markets and Central items and notable items in UK PBB and Commercial Banking, income was broadly stable.

●Q3 2018 income increased by £485 million, or 15.4%, compared with Q3 2017 principally reflecting indemnity insurance recoveries of £272 million and lower disposal losses.

●Q3 2018 net interest margin of 1.93% decreased by 8 basis points compared with Q2 2018. Excluding one-off items, net interest margin was down 5 basis points, of which 3 basis points related to competitive pressure and 2 basis points due to higher average liquidity balances.

Lower costs through continued transformation and incr

Royal Bank of Scotland plc Continued track record of delivery

Royal Bank of Scotland plc (LON:RBS), today announced six months period ending 30 June 2018. RBS reported an operating profit before tax of £1,826 million for H1 2018, including an £801 million litigation and conduct charge. RBS announces its intention to declare an interim dividend of 2p per share. ●H1 2018 attributable profit of £888 million and a Q2 2018 …