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Corporate loans 'help boost RBS' profits'
01/03/2007
Corporate loans are one of the main reasons behind the Royal Bank of Scotland's (RBS') 12 per cent second-half profit rise, the company has announced.
Increasing revenues in Asia, including China, Japan and Singapore, as well as Australia, have also helped the bank boost profits, reports Bloomberg.
Based on the bank's full-year earnings which were published today, it has emerged that its net income rose to £3.22 billion from £2.87 billion during the course of the year.
On the subject of corporate loans, which are utilised by many businesses across the UK, RBS states on its website: "Loans are longer-term financial instruments that give you more certainty for planning ahead.
"We understand the importance of choosing the right type of loan and aim to be quick in responding to your needs, while keeping documentation as simple as possible."
Increasing revenues in Asia, including China, Japan and Singapore, as well as Australia, have also helped the bank boost profits, reports Bloomberg.
Based on the bank's full-year earnings which were published today, it has emerged that its net income rose to £3.22 billion from £2.87 billion during the course of the year.
On the subject of corporate loans, which are utilised by many businesses across the UK, RBS states on its website: "Loans are longer-term financial instruments that give you more certainty for planning ahead.
"We understand the importance of choosing the right type of loan and aim to be quick in responding to your needs, while keeping documentation as simple as possible."