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RBS sets aside another L125m for PPI claims

The Superior Bank of Scotland (RBS) is calculate to set aside another L125 million for payment protection protection PPI claims.

As a result of this, the full victualling made before the lender exchange for PPI claims see fit reach L1.2 billion, with L501 million paid abroad as of Slog 31st 2012.

The spirit posted a organization operating profit for the maiden board of 2012 of L1,184 million, with the insides operating profits hitting L1,667 million during this timeframe.

Furthermore, the bank claims to keep provided UK businesses with loans significance L14.3 million, with L7.9 billion of this lent to elfin and medium-sized enterprises.

Chief executive of RBS Stephen Hester stated the bank is tickled pink with its discharge during the principal three months of the year, although "the commercial and regulatory backdrop remains well-built".

Furthermore, the UK's husbandry has remained to some degree flat, he declared.

"I'm result optimistic and I imagine that things leave take a new lease on life," the ambassador added.