£9.2bn profits for Royal Bank of Scotland

Royal Bank of Scotland, which owns NatWest and Churchill Insurance, unveiled sharply higher annual profits of £9.19bn (€29.5bn) today.

Thu, 01 Mar, 2007 - 08:00

Royal Bank of Scotland, which owns NatWest and Churchill Insurance, unveiled sharply higher annual profits of £9.19bn (€29.5bn) today.

The surplus from the UK’s second largest banking group compared with a figure of £7.94bn (€11.7bn) from a year earlier. The performance was also ahead of market expectations.

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