trimestrale rbs
By Andrew MacAskill and Jon Menon
Aug. 6 (Bloomberg) -- Royal Bank of Scotland Group Plc,
Britain’s biggest government-owned lender, swung into profit for
the first time since 2007 as bad-loan provisions dropped.
Net income was 9 million pounds ($14 million) in the first
six months of the year, compared with a loss of 1.04 billion
pounds a year earlier, the Edinburgh-based bank said in a
statement. That beat the 47 million pound loss that was the
median estimate of six analysts in a Bloomberg survey.
“RBS wasn’t just the U.K.’s worst bank, they were the
world’s worst bank,” said Ralph Silva, a strategist at London-
based Silva Research Network, which provides research to
financial companies. “So any return to profitability should be
applauded.”
RBS joins rivals including Europe’s biggest bank, HSBC
Holdings Plc, Lloyds Banking Group Plc, Deutsche Bank AG,
Germany’s biggest lender, and BNP Paribas SA in reporting
falling bad-loan provisions for the first half or second quarter
of 2010. RBS last reported a profit at the end of 2007, after
which it needed 45.5 billion pounds of taxpayer-supplied capital
during 2008 and 2009, the world’s biggest bank bailout.
The bank gained 2.3 percent to 53.1 pence at 8:05 a.m. in
London trading, for a market value of 30.8 billion pounds.
“The rebuilding of RBS is a marathon and not a sprint,”
Chief Executive Officer Stephen Hester said in the statement.
“There is, of course, plenty left to do.”
Trading Losses Decline
The bank set aside 5.16 billion pounds in the first six
months of the year to cover souring loans, compared with 7.52
billion pounds a year earlier. Net interest income rose to 7.22
billion pounds from 6.86 billion pounds.
Total operating profit at the so-called core units, those
the bank plans to keep, declined by 26 percent to 4.47 billion
pounds. The operating loss at the “non-core” division narrowed
to 2.88 billion pounds, from a loss of 9.36 billion pounds, RBS
said. Trading losses declined to 98 million pounds from a loss
of 3.8 billion pounds, the company said.
Operating profit after impairments at the core U.K.
consumer and commercial units increased to 1.12 billion pounds
from 443 million pounds. Operating profit at the securities unit
declined 44 percent to 2.55 billion pounds. Ulster Bank widened
its loss to 314 million pounds, from 8 million pounds.
RBS, 83 percent government owned, posted losses of 26
billion pounds in 2008 and 2009, meaning the bank was on average
losing about 36 million pounds a day during that two-year
period.
The U.K. government presently has about a 3 billion pound
profit on its investment in the bank. The stake will not be sold
before next year’s report on the case for separating retail and
investment banks, the government has said.
RBS said total assets climbed 4 percent to 1.52 trillion
pounds.
For Related News and Information:
Top Finance news: TOP FIN <GO>
Stories on the U.K. economy: TNI ECO UK <GO>
--Editors: Francis Harris, Edward Evans.
p.s io che faceva un piccolo utile lo avevo detto....
peccato peró che visto che sono un Idiota, non mi sono comprato le azioni
