Monday 21 September 2020
Select a region

Thousands of RBSI customers opt for repayment holiday

Thousands of RBSI customers opt for repayment holiday

Wednesday 05 August 2020

Thousands of RBSI customers opt for repayment holiday


Almost 1,300 personal customers of RBS International have opted for a capital repayment holiday, and just over 400 business customers have opted for a capital repayment holiday or one of the government-guaranteed loan schemes, according to the bank's half-year results.

The firm said it also extended forbearance to customers and additional lending facilities to governments in its jurisdictions as part of the wider effort to deal with covid-19.

In the first half of the year, RBS International generated income of £259m and an operating profit of £87m, according to recently released figures.

The bank said its balance sheet remained strong with a capital ratio of 20.9% and a loan to deposit ratio of 43%.

“The first 6 months has been a huge test of our service culture, financial strength and operational resilience," CEO Andrew McLaughlin said.

"Lower interest rates and debt relief lower our profitability but it is the right thing to do as we support our customers and the community through difficult times.”

Sign up to newsletter

 

Comments

Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.

There are no comments for this article.

To place a comment please login

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?