Paul Lewis: Why we care about RBS profits
Royal Bank of Scotland (RBS) has reported a loss of £1.13bn for the full-year 2010, a bigger loss than analysts had been expecting.
However, this is an improvement on the £3.6bn loss the bank made in 2009, and the £24.3bn loss it made in 2008.
Money put aside for bad loans fell by 33% compared with a year earlier, to £9.3bn.
The government still owns an 83% stake in RBS after bailing the bank out during the financial crisis of 2008.
Paul Lewis, presenter of Moneybox, explains what affect RBS' fortunes have on its customers.
24 Feb 2011
- From the section Business