RBS Increases Year-to-Date Profit on Back of Lower Litigation Costs and Loan-Loss Provisions
While there are signs of green shoots in Royal Bank of Scotland's revenue generation, sharp declines in litigation- and conduct-related costs and lower structuring costs as well as declining loan-loss providing helped RBS to post net income of GBP 1.3 billion year to date (versus a loss of GBP 2.5 billion in 2016), which is trending better than our estimate and what consensus was expecting. While we are maintaining our revenue estimates following the recent results, we have reduced our litigatio...Royal Bank of Scotland Group is a banking and financial services company. Co.'s activities are organized in franchise basis; Personal and Business Banking (PBB) comprising UK PBB and Ulster Bank RoI segment, which serve individuals and small businesses in the U.K. and the Republic of Ireland; Commercial & Private Banking comprising, Commercial Banking and Private Banking segment, which serve commercial, corporate and private banking in the U.K. and Western Europe; RBS International, which serves retail, commercial and financial institution in Jersey, Luxembourg and London; and NatWest Markets, which provides risk management and financing solutions through its trading and sales operations.
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