Q3 Interim Management Statement 2013
- RBS announces actions to accelerate capital strengthening and enhance strategic focus
- Full review of bank to improve customer service, reporting February 2014
- Q3 2013 pre-tax loss £634 million, after £496 million accounting charge for improved own credit
- Core Tier 1 ratio up to 11.6%, or 9.1% on a fully loaded Basel III basis
For full Q3 Results documentation and details of the management presentation, see our Results Centre.
"The bar has been set at a higher level for RBS than for other UK banks because we were rescued at the public’s expense. I have asked all our people to embrace the higher expectations that people have placed on our bank. That’s the only way we will build a really great business for our customers, our people and our shareholders. That’s my aim."
Ross McEwan, RBS Group Chief Executive
Sir Philip Hampton, Chairman, talks about Q3 Results
Conference call replays
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Wage growth is the missing ingredient in the UK economic recovery. In the attached we take a look at the prospects for improved wage growth, giving consideration to surveys, productivity and slack in the labour market. Whilst there are some signs of wage pressures building, we expect weak productivity growth to keep a lid on any rises.