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Profits at RBS International at £194m for half-year

Profits at RBS International at £194m for half-year

Monday 12 August 2019

Profits at RBS International at £194m for half-year

RBS International has returned a pre-tax operating profit of £194m in the first half of 2019.

The bank says that is up 12% on the first half of 2018, and driven by a £26m increase in income.

The financial results for the first period of this year show that operating expenses were £12m or 9.9% lower than the same period in 2018.

The bank says it is investing heavily in its digital channels to improve the customer and staff experience.

Andrew McLaughlin, RBS International CEO, commented: “The business produced a year-on-year growth in income and profit against the backdrop of heightened economic and political risk. This encouraging start to 2019 is a testament to the dedication of our 1,800 colleagues, the ambition of our customers and the diversity of our business model. We strive every day to make it easier for customers to use our platforms to support their banking, risk management and depository needs.”

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