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£366m. pre-tax operating profit for RBS International

£366m. pre-tax operating profit for RBS International

Tuesday 19 February 2019

£366m. pre-tax operating profit for RBS International


RBS International returned its 22nd year of consecutive profit in 2018.

The opening of two new offices in Luxembourg and London to support the Funds sector and bringing NatWest Trustee and Depositary Services into RBS International Holdings Limited have been credited with an annual income rise of 53% compared to 2017.

Andrew McLaughlin, Chief Executive Officer of RBS International, said: “Our 2018 financial results reflect four years of hard work to build a strong and sustainable bank. We’ve invested heavily in our service proposition and we’ve grown our funds business through investment in the UK and Europe.

"We’re excited to be going into 2019 as a stand-alone bank outside of the ring-fence. We still have a long way to go but our new three year strategy will help us achieve our ambition to be the easiest bank to deal with for our customers”.

In 2018, the bank helped over one thousand customers buy their home.

The bank also increased its total operating costs by 19% to £260m. to support its larger and more independent business structure.

Pictured top: Andrew McLaughlin, Chief Executive Officer of RBS International.

 

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