RBS boss: 'A lot to do' despite surprise profit rise
Royal Bank of Scotland (RBS) has said it expects pre-tax profits of £2.65bn for the first half of the year, up from £1.37bn last year.
The bank said it had set aside much less money for bad loans than expected - down to £269m from £2.15bn.
The UK taxpayer owns 80% of the bank after a government bail out in 2008.
Chief Executive Ross McEwan told the BBC's business editor Kamal Ahmed that while RBS businesses were performing well, there was "still a lot of work to do".
25 Jul 2014
- From the section Business