RBSI profits up

Monday 08 August 2016

Royal Bank of Scotland International have announced profits of £103million for the first half of this year, an increase of £1million on the previous year.

In a statement, they also say their mortgage business is growing, with as many transactions taking place in the first six months of 2016, as in the whole of 2015. They say they worked with 1,159 new mortgage customers, lending them £230.9 million, which was a 74% increase in the number of customers for the previous year.

Commenting on the results, CEO, Andrew McLaughlin said:

“We are making early progress with our new strategy. Our profitability has held up well despite the challenges of a lower interest rate environment. Our focus is on identifying and meeting customer needs. That is how we will create value for our investors and job satisfaction for our colleagues.”