The Royal Bank of Scotland Group plc (RBS: Quote,RBS.L) posted a wider fourth-quarter loss attributable to ordinary and B shareholders of 2.6 billion pounds or 23.4 pence per share, versus a loss of 1.8 billion pounds, or 16.6 pence per share, a year ago. Also, statutory three-month pre-tax loss widened to 2.20 billion pounds, from 2.04 billion pounds loss.
Group operating profit stood at 581 million pounds this quarter, versus a 144 million pounds loss in the prior-year quarter. Core operating profit was 1.52 billion pounds for the reporting period.
On a per share basis, Core adjusted earnings per ordinary and B share, including Direct Line Group, were 1.8 pence, as against a 5.3 pence loss last year.
Quarterly net interest income declined to 2.84 billion pounds, from 3.08 billion pounds, while non-interest income improved to 2.92 billion pounds, from 2.65 billion pounds in 2011. The Group's Core Tier 1 ratio was 10.3%, compared with 9.7% in 2011, excluding the effect of the Asset Protection Scheme.
On February 6, 2013, RBS made an announcement on the investigations conducted regarding attempts to manipulate LIBOR and the settlements reached with the FSA and US authorities. The investigations uncovered wrongdoing on the part of 21 employees, predominantly in relation to the setting of the bank's Yen and Swiss Franc LIBOR submissions in the period October 2006 to November 2010.
| || |
| To receive FREE breaking news email alerts for Royal Bank of Scotland Group PLC and others in your portfolio|
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org