RBS published its results a week ahead of schedule, though they are still being finalised, because of better-than-anticipated operating performance.
In a statement, state-backed RBS said it expects to report
However, in the second-quarter alone pretax profit fell to
"The results we are posting today show the steady progress we are making as we take the steps to be a much simpler, smaller and fairer bank. These results show that underneath all the noise and huge restructuring of recent years, RBS is a fundamentally stronger bank that can deliver good results for customers and shareholders."
However, McEwan sounded a note of caution due to the legacy problems casting a shadow over the bank.
"We are actively managing down a slate of significant legacy issues. This includes significant conduct and litigation issues that will likely hit our profits going forward. I am pleased we have had two good quarters, but no one should get ahead of themselves here - there are bumps in the road ahead of us," McEwan said in a statement.
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