Home Business NewsBusinessBanking News RBS unveils £1.7bn payout for shareholders

RBS unveils £1.7bn payout for shareholders

by LLB Reporter
2nd Aug 19 10:41 am

The Royal Bank of Scotland (RBS) has announced that shareholders are to receive a bumper £1.7bn payout.

The Bank are to deliver a special dividend of 12p per share alongside the ordinary interim payment of 2p per share.

Around £1bn will be returned back to the taxpayer from the £1.7bn.

Chief executive Ross McEwan said, “Given the uncertain and competitive environment, we are focused on the areas we can control; costs are down, capital and liquidity are strong, and we continue to grow lending to the real economy.”

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