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Jumat, 03 Agustus 2012

RBS Reports 2012 Half-Year Loss Of £1.5bn

The Royal Bank of Scotland has reported a pre-tax loss of £1.5bn in the six months to June 30, compared to £794m last year.

The bank has also reported an operating profit of £1.8bn, which is broadly in line with last year's figures.

It said the bill for mis-selling scandals and IT meltdown is £310m – as revealed exclusively by Sky News yesterday.

RBS said it would set aside £125m for software glitch, £50m for interest rate swaps mis-selling, and another £130m more for payment protection insurance (PPI).

The additional hit for mis-selling now takes RBS's total in the PPI scandal to netween £1.2bn and £1.3bn.

The major IT meltdown in June affected account holders at RBS, NatWest and at the Ulster Bank.

More follows...