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RBS International has published its results for the first half of this year, showing an income of £256m and an operating profit of £173m.
It says its balance sheet remains strong with a capital ratio of 18.6% and a loan to deposit ratio of 45%.
The bank reported that customer lending increased by £2.4bn, and customer deposits also increased £4.4bn, (particularly in the funds sector) which have largely offset the income impact of lower interest rates when compared to the same period in 2020.
Andrew McLaughlin, CEO, RBS International said: “It’s encouraging to see that our financial performance has rebounded as our customers and communities have started to come to terms with the pandemic. This puts us in a strong position to keep supporting our customers and the wider community with whatever uncertainty the world throws up.”
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