Paul Lewis: Why we care about RBS profits

Royal Bank of Scotland (RBS) has reported a loss of £1.13bn for the full-year 2010, a bigger loss than analysts had been expecting.

However, this is an improvement on the £3.6bn loss the bank made in 2009, and the £24.3bn loss it made in 2008.

Money put aside for bad loans fell by 33% compared with a year earlier, to £9.3bn.

The government still owns an 83% stake in RBS after bailing the bank out during the financial crisis of 2008.

Paul Lewis, presenter of Moneybox, explains what affect RBS' fortunes have on its customers.

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