Royal Bank of Scotland Group (RBS) has posted an operating profit of GBP869m for the second quarter of 2010, compared to an operating loss of GBP3.53bn in same quarter last year.
Total income in the second quarter of 2010 increased to GBP7.91bn from GBP6.81bn in the same quarter of 2009. Impairment losses in the second quarter of 2010 were GBP1.09bn compared to GBP1.15bn in same period last year.
RBS has posted an operating profit of GBP1.58bn for the first half of 2010, compared to a operating loss of GBP3.35bn in the same half last year.
Total income in the first half of 2010 declined to GBP15.93bn from GBP17.25bn in the same half of 2009. Impairment losses were GBP2.07bn compared to GBP2.17bn in first six months of 2009.
Stephen Hester, group chief executive of RBS, said: “RBS second quarter results show that the bank remains on track to meet the far-reaching goals of our five year restructuring plan which commenced last year. We are making good progress with disposals and overall business restructuring. Our customer base is solid and I believe that the future potential of RBS for all its constituencies becomes increasingly visible.”