4/26, 8:07 AM (Source: TeleTrader)
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RBS earns £0.59 per share in Q1, 13% less YoY

The retail banking company, the Royal Bak of Scotland (RBS) announced on Friday its earnings-per-share (EPS) in the first quarter of 2019 stood at £0.59, marking a 13% drop compared to the same three-month period of last year. Meanwhile, the bank's operating profit before tax came in at £1.013 billion, 16% less annually due to £265 million lower income, but partially offset by £73 million lower operating expenses. Attributable profit was 12% lower year-on-year to reach £707 million.

Net interest income was £2.03 billion in the same quarter, while net interest margin remained stable at 2.07%.

Concerning its outlook, the RBS acknowledged "that the ongoing impact of Brexit uncertainty on the economy, and associated delay in business borrowing decisions, is likely to make income growth more challenging in the near term."

Breaking the News / FH