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RBS Announce that Profits have Doubled for 2018

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Royal Bank of Scotland has reported more than double the £752m profits of 2017 with £1.62bn of profits for 2018.

RBS paid it's first dividend to shareholders since it received a bailout last October. In the latest results, the bank announced a final dividend of 3.5p per share alongside a special 7.5p dividend. As the Government is still the main RBS shareholder, this means the Treasury is set to receive £977m. This will also mean good news for the 190,000 private investors in the bank.

Tha bank said that their switch from physical to digital services also saw a 16% rise on 2017, with 6.4 million customers now regularly using its mobile app.

RBS chief Ross McEwan called the results “a good performance in the face of economic and political uncertainty”.

More from Mr McEwan can be seen below.

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At NatWest Cymru we are passionate supporters of enterprise and offer a wide range of services to people who want to start, run and grow a business.

Business Builder is an online, on-demand resource designed to give you the right support at the right time for you and your business. There are modules, articles and case studies designed to support you to upskill and develop yourself and your business at a time and pace that suits you.

Find out more at: https://www.natwest.com/business/insights/businessbuilder.html

The NatWest Accelerator supports and empowers entrepreneurs and business owners to scale their businesses to the next level. Through our six-month, fully-funded Accelerator programme we provide wrap around support and access to expertise, removing barriers and providing more opportunities to help businesses grow.

Find out more at: https://www.natwest.com/business/business-services/entrepreneur-accelerator.html

NatWest Cymru’s Local Enterprise Manager Lee Morgan offers free support and expertise to small businesses – whether you bank with us or not. They can:

• Boost your insight and knowledge in specialist subjects by giving you access to local talks and educational events.

• Boost your connections with opportunities and partnerships. These could be within our group or through a variety of other businesses we work with – they could help you on the road to success.

• Tell you more about how NatWest business banking products and services could work for you.

Lee Morgan. [email protected]

07790 913197

 

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