Net income jumped to 1.33 billion pounds in the second quarter from 96 million pounds in the same period last year, as RBS received more than 1 billion pounds from asset sales. CEO Ross McEwan says that despite uncertainty in the wider economy, "we are focused on the areas we can control; costs are down, capital and liquidity are strong, and we continue to grow lending to the real economy."
RBS shareholders, including government, to receive windfall
LONDON (AP) — Royal Bank of Scotland says shareholders will receive a windfall after asset sales swelled second-quarter earnings. The taxpayer-owned bank announced a special dividend of 12 pence a share alongside an ordinary interim payment of 2 pence a share. The government will receive about 1 billion pounds ($1.2 billion) from the 1.7 billion-pound dividend because of its stake in RBS.