Royal Bank of Scotland Group plc
Royal Bank of Scotland: H1 2006 trading statement
The Royal Bank of Scotland said that trading in the half year to June 2006 was in line with expectations.
Highlights of the company’s half year performance are expected to include organic growth in income, a narrowing of margins, good cost control and a small improvement in overall credit metrics.
Income growth is reportedly being driven by […]
Royal Bank of Scotland: FY05 results
The Royal Bank of Scotland (RBS) reported a 16% growth in operating profits (to £8,251m), in line with market expectations. Pre-tax profits were up 21% to £7,936m.
Although the results are good, there is evidence that conditions in the industry are tightening, most notably in the narrowing of margins. Net interest margin contracted to 2.55% from […]
Royal Bank of Scotland: Trading statement
The Royal Bank of Scotland reported that results for the year 2005 would be in line with market expectations.
Non interest income is growing strongly and is expected to make up over 60% of total income. Non interest income growth is being driven by growth in banking fee income, financial markets income and insurance premium […]
RBS: Strategic partnership
The Royal Bank of Scotland did an abrupt about-turn and announced that they will take a 10% stake in the in Bank of China for $3.1 bn (£1.7bn). Earlier this month, Chief Executive of RBS, Fred Goodwin dismissed the rumours of the investment in the Bank of China as “lurid speculation”.
RBS itself will invest only […]
Royal Bank of Scotland: H1 2005
The Royal Bank of Scotland announced an 18% growth in pre-tax profits (before amortisations and integration costs) but fears over acquisitions in China dampened the performance of the stock. Post tax profits for the six months to June 2005 reached £2,593m, up 12% over last year but slightly below market expectations.
The growth was lead by […]
Royal Bank of Scotland: Trading statement
The Royal Bank of Scotland announced that trading in the first half of 2005 has been good. The bank has seen strong organic growth in income lead by US Banking (Citizen) corporate banking and capital markets. UK retail markets have slowed due to lower retail spend.
Interest margins have weakened due to a change in sales […]
Royal Bank of Scotland
Royal Bank of Scotland (RBS) released good figures for the year to December 2004. Total income grew by 18% to £22,754m and operating profits (before tax, goodwill amortisation and integration costs) grew 15% £8,101m. Growth was driven by a combination of relatively stable margins, strong growth in lending (up 18%), and good cost management. RBS’s […]
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