RBS is able to advance by 3.2% to 41.8 pence in early trade in London, despite a loss under its announced first quarter of 2011 mainly as a result of its exposure to the Irish crisis.
The financial institution has suffered a pretax loss of 116 million pounds, due to significant impairment always on debt and its Irish subsidiary Ulster Bank.
Taken together, however, have changed the depreciation on a declining path, falling 27% on-year, reflecting improved business environment for banking, consumer and business loans.
RBS revenues grew 8% sequentially, to a little over eight billion pounds, while the increase in operating expenses was contained at 1%, thus improving the cost / income ratio to 58%.
The British bank said to have improved by 50 basis points in its solvency ratio Core Tier 1 at 11.2%, putting it on track to meet future requirements of Basel III.
The financial institution has suffered a pretax loss of 116 million pounds, due to significant impairment always on debt and its Irish subsidiary Ulster Bank.
Taken together, however, have changed the depreciation on a declining path, falling 27% on-year, reflecting improved business environment for banking, consumer and business loans.
RBS revenues grew 8% sequentially, to a little over eight billion pounds, while the increase in operating expenses was contained at 1%, thus improving the cost / income ratio to 58%.
The British bank said to have improved by 50 basis points in its solvency ratio Core Tier 1 at 11.2%, putting it on track to meet future requirements of Basel III.
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