RBS report pre-tax profits of £1.6bn in quarterly report

The Royal Bank of Scotland have reported a pre tax profit of £1.64 billion for the first quarter for 2014, up from £826 million from last year.

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RBS Q1 results highlights: Operating profit £1.5bn (£747m Q1 2013); Capital ratio up to 9.4%; Cost to income ratio 66% (73% Q4 2013)

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RBS profits rise to £1.64bn

The Royal Bank of Scotland has reported a pre tax profit of £1.64 billion for the first quarter for 2014, up from £826 million from last year.