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
Outbreaks of rain will continue to move eastwards across the UK this evening.
A boy was left hanging precariously out of a car after it crashed on a bridge
During a nine month investigation by ITV News, we learned of Kotey’s role influencing extremists in west London.