Royal Bank of Scotland is set to book its second consecutive year of annual profits next week, providing further impetus for the Government to continue selling down its stake in the lender. Royal Bank of Scotland is set to book its second consecutive year of annual profits next week, providing further impetus for the Government to continue selling down its stake in the lender. Royal Bank of Scotland to post second year of profitsA consensus of City analysts is forecasting the bank will see bottom line profits nearly double from £752 million last year to £1.4 billion when it reports on Friday. RBS shares have already rallied by 23% over the past two months. RBS shares were dented in October after third quarter result showed a £100 million charge to reflect the “more uncertain economic outlook” in Britain ahead of March 29.

Source: Irish Independent February 08, 2019 10:07 UTC