News Tag: strategic plan

August 6, 2010

RBS reports first half profit

by Kay Murchie
Royal Bank of Scotland (RBS), which is 83% owned by the taxpayer, today announced a profit for the six months ended June, boosted by falling charges for bad debt. The bank posted a net profit of £9 million ($14.3 million) compared with a £1.04 billion net loss in the same period a year earlier. Meanwhile, it added it was on target to meet ...

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May 19, 2010

RBS sells French factoring unit

by Kay Murchie
Royal Bank of Scotland (RBS), which is 84% state-owned, has today announced it has disposed of its French factoring unit to GE Capital, the financial services division of General Electric. Today’s disposal completes the sale of the bank's factoring businesses across continental Europe, after it sold its German factoring unit to GE Capital in March. The sale is part of the bank’s five-year ...

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May 7, 2010

RBS reports first quarter profit

by Kay Murchie
Royal Bank of Scotland (RBS), which is 84% owned by the taxpayer, has today proved it is on the road to recovery after reporting operating profits of £713 million in the first three months of the year, compared with a £1.35 billion loss in the same period a year earlier. After one-off costs, which included £500 million paid into the Government’s insurance scheme ...

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