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Royal Bank of Scotland operating profit rises

04 August 2017 08:21

Royal Bank of Scotland reported an operating profit before tax of £1,951 million for H1 2017 and an attributable profit of £939 million.

An operating profit before tax of £1,238 million and an attributable profit of £680 million were reported in Q2 2017.

Across our Personal & Business Banking (PBB), Commercial & Private Banking (CPB) and NatWest Markets (NWM) businesses, RBS reported an adjusted operating profit of £2,678 million, an increase of £608 million, or 29%, compared with H1 2016.

Adjusted return on equity across PBB, CPB and NatWest Markets was 14.1% compared with 10.9% in H1 2016.

Common Equity Tier 1 ratio increased by 70 basis points in the quarter to 14.8%, and remains ahead of our 13% target.

At 8:21am: (LON:RBS) Royal Bank of Scotland Group The PLC share price was +8.9p at 265.1p

Story provided by StockMarketWire.com

Related Company: RBS

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