IBOS member RBS reports Q3 2017 financial results
RBS reported a profit before tax of £871 million and an attributable profit of £392 million for Q3 2017, the third successive quarter of profit, and an attributable profit of £1,331 million for the year to date.
Return on tangible equity was 4.5% for the quarter, and 5.2% for the year to date, with a core adjusted return on equity of 15.0% in Q3 2017.
RBS delivered positive operating JAWS of 19.9% for the year to date.
Ross McEwan, CEO at RBS, commented:
“Our strategy to deliver a simpler, safer, customer-focussed bank, is working. We have grown income, reduced costs, made better use of our capital and continued to make progress on our legacy conduct issues. Our core bank continues to generate strong profits and we remain on track to hit our financial targets.”
RBS remains on track to achieve all of its 2017 financial targets.
Read the full press release, via RBS, here.