RBS pre-tax loss for 2012 stands at £5.16 billion

The full figures from the Royal Bank of Scotland reveal a pre-tax loss in 2012 of £5.16 billion.

The bailed out bank also announced an operating profit of £3.46 billion, up from £1.82 billion in 2011.

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RBS announces £5bn losses

The Royal Bank of Scotland has announced losses of £5.16billion - a fifth consecutive annual loss. Chief Executive Stephen Hester described 2012 as a "chastening" year. It was also revealed the bank paid £607m in bonuses in 2012.