RBS Q3 Profit Rises

Net Interest Income Down; Retains Outlook

Royal Bank of Scotland Group PLC (RBS, RBS.L) reported Friday that its third-quarter attributable profit increased to 448 million pounds from 392 million pounds last year. Earnings per share were 3.7 pence, up from 3.3 pence a year ago.

RBS reported an operating profit before tax of 961 million pounds, compared to 871 million pounds a year ago.

Net interest income, meanwhile, dropped to 2.15 billion pounds from 2.30 billion pounds a year ago. Net interest margin dropped to 1.93% from 2.12% last year. Total income increased 15.4 percent to 3.64 billion pounds from 3.16 billion pounds last year principally reflecting indemnity insurance recoveries of 272 million pounds and lower disposal losses.

Further, the company said it retained the guidance it provided in the 2017 Annual Results document.