Video transcript (PDF 12KB)
Key highlights
- RBS reports a 2012 operating profit(1) of £3,462 million, up from £1,824 million in 2011
- Core RBS 2012 operating profit £6,341 million versus £6,045 million in 2011
- 2012 Core return on tangible equity 10%
- 2012 pre-tax loss of £5,165 million, after £4,649 million accounting charge for improved own credit
- Core Tier 1 ratio 10.3%, loan:deposit ratio 100%, Non-Core assets down to £57 billion
For more information, see our results centre.
Notes:
(1) Operating profit before tax, own credit adjustments, Asset Protection Scheme, Payment Protection Insurance costs, Interest Rate Hedging Products redress and related costs, regulatory fines, sovereign debt impairment, interest rate hedge adjustments on impaired available-for-sale sovereign debt, amortisation of purchased intangible assets, integration and restructuring costs, gain on redemption of own debt, strategic disposals, bank levy, bonus tax, writedown of goodwill and other intangible assets and RFS Holdings minority interest and includes the results of Direct Line Group on a managed basis, which are included in discontinued operations in the statutory results (‘operating profit’). Statutory operating loss before tax was £5,165 million (2011 - £1,190 million) for the year ended 31 December 2012.