RBS chairman Sir Philip Hampton has said he expects the bank to return to the private sector in just over a year.
In a video statement on the RBS Group website, Sir Hampton said he expected the government to be in a position to start selling shares by the middle of 2014.
His remarks come as RBS announces a first quarter profit of £826 million, up from a loss of £1.5m in quarter one last year.
More top news
Prince Charles, Russell Brand and vlogger Zoella have been named in the annual Debrett's 500 list of the most influential Brits today.
A young mum wants to find a stranger who left her a handwritten note, describing her as a "credit to her generation" and a five pound note
Conspiracy theorists claim this picture shows a "human-like being" fixing Nasa's Curiosity Rover on the surface of Mars.