Net profit of RBS in the third quarter increased by 14.3%


Royal Bank of Scotland, following the results of the third quarter, reported on the growth of net profit by 14.3% in annual terms to 448 million pounds sterling. The indicator did not reach experts' forecasts of 507 million pounds. The bank noted that to overcome possible problems after Brexit, 100 million pounds were sent to reserves. Operating profit before tax was £961 million, up 10.3% in 12 months. Net interest margin of 1.93% for the quarter was 8 basis points lower than a year earlier. The headquarters of RBS after Brexit will be located in Amsterdam, the bank received permission from the Netherlands financial regulator.

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