Press Release :: Royal Bank of Scotland
The Royal Bank of Scotland Group reports a 2010 second quarter operating profit1 of GBP 869 million, up from GBP 713 million in the first quarter of 2010.
Group posts attributable profit of GBP 257 million for quarter, break-even for first half Core headline operating profits stable at GBP 2,193 million. Retail & Commercial up on rising NIM and continued favourable credit trends, but Global Banking & Markets declines from a strong first quarter. Group on track against strategic plan targets
1 Operating profit/(loss) before tax, amortisation of purchased intangible assets, integration and restructuring costs, gain on redemption of own debt, strategic disposals, bonus tax, Asset Protection Scheme credit default swap - fair value changes, write-down of goodwill and other intangible assets and RFS Holdings minority interest.
2 Statutory operating profit before tax of GBP 1,169 million in the first half of 2010.
Source: Royal Bank of Scotland
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