Key highlights
- RBS reports a Q1 2012 Group operating profit(1) of £1,184 million
- Core RBS Q1 operating profit £1,667 million, return on tangible equity 11%
- UK Retail, UK Corporate and Markets performed strongly
- Non-Core run-down continues, funded assets down £11 billion to £83 billion
- Group Core Tier 1 ratio 10.8%, liquidity metrics strong
Note:
(1) Operating profit before tax, own credit adjustments, Asset Protection Scheme, Payment Protection Insurance costs, sovereign debt impairment and related interest rate hedge adjustments, amortisation of purchased intangible assets, integration and restructuring costs, gain on redemption of own debt, strategic disposals, write-down of goodwill and other intangible assets, bonus tax, bank levy and RFS Holdings minority interest ('operating profit'). Statutory operating loss before tax of £1,404 million for the quarter ended 31 March 2012.
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