RBS Has Been Affected By Sluggish Economy
It also had made a provision of 50 million pounds for compensating loan customers who were mis-sold complex interest rate swaps. The loss for the three months ending June 30 was down from a loss of 897 million pounds a year earlier. Operating profit fell 22 percent to 650 million pounds, and revenue fell 5.4 percent to 6.4 billion pounds. For the first half, the net loss rose from 1.4 billion pounds a year ago to 2 billion pounds.