RBS Chief Executive Ross McEwan
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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".

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