H1 2012 Results - summary and media information

Key highlights

• RBS reports an H1 2012 Group operating profit of £1,834 million
• Core RBS H1 2012 operating profit of £3,185 million
• Core return on tangible equity 10.2%
• Net attributable H1 loss of £1,990 million after £2,974 million accounting charge for own credit, reflecting improvement in market trading levels of Group credit; £287 million attributable profit ex own credit adjustments
• Non-Core proceeding well, assets down £22 billion in H1 to £72 billion
• Group Core Tier 1 ratio strengthens further to 11.1%

"The first half of 2012 saw RBS make good progress on both of the jobs that make up our recovery plan. We have continued to make the bank safer and stronger as we clean up problems of the past. And despite the tougher economy, these results show our ongoing businesses to be more resilient than before with many further improvements underway."

Stephen Hester, Group Chief Executive

Bruce Van Saun, Group Finance Director, on financial results