Business

RBS annual profit doubles to £1.6bn

https://uk24news.co.uk/business/rbs-annual-profit-doubles-to-ps16bn?2545 Uk24News.co.uk
RBS annual profit doubles to £1.6bn



RBS branchImage copyrightGETTY IMAGES

Royal Bank of Scotland has reported profits of £1.62bn for 2018, more than double the £752m it made last year.


The bank, which is 62%-owned by the government, said it would pay £977m to the Treasury through dividend payments.


RBS chief executive Ross McEwan said: "This is a good performance in the face of economic and political uncertainty."


Mr McEwan also said the UK economy faced "a heightened level of uncertainty related to ongoing Brexit negotiations".







BBC News




Leave a comment