Friday, 28 December 2012

How many UK banks are loss making?

Two years on and 1 in 3 UK banks are still loss making. Of the 156 UK registered banks, 50 are loss making. Whilst The Royal Bank of Scotland Plc made a pre-tax loss of £719,000,000 - its best result for 4 years- , National Westminster Bank Plc has worsened, reporting a pre-tax loss of £4,427,000,000 compared to £2,381,000,000 for the previous year. At least Coutts & Co - another RBS group bank - has continued to make a profit, £157,464,000 for the latest year. (All figures for year to 31st December 2011).

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