RBS Continues to Build Capital, Takes Provision Related to Uncertainty Around Brexit
No-moat Royal Bank of Scotland continued to build its capital buffers in the third quarter as profits before tax grew to GBP 961 million from GBP 871 a year ago, although higher tax charges meant that aftertax profits fell behind last year's performance. Net interest income of GBP 2,154 million disappointed relative to last year as well as on a sequential basis owing to competitive pressures, higher average liquidity balances, and some one-off items. The net interest margin stood at 1.93%, down ...
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