Annual Results 2011

• RBS reports a 2011 Group operating profit of £1,892 million, up 11%
• Core RBS 2011 operating profit £6,095 million, return on tangible equity 10.5%
• Retail and Commercial (ex Ulster Bank) operating profit up 9%, return on equity of 16.6%
• Group pre-tax loss of £766 million after charges for PPI and Greece
• Significant further strengthening and de-risking of balance sheet

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