Royal Bank Of Scotland, Bank Of Scotland First-Half FX Income Flat To Slightly Up

BANKS

Two major Scottish banks reported results last week, posting flat-to-slightly-better foreign exchange gains. Royal Bank of Scotland (RBS) is on an October-to-September fiscal year, which means the interim report covers the period ended 31 March, while Bank of Scotland's figures were for its financial year ended February 28.

RBS posted dealing profits of £59 million for the first half, which was flat against the figure for the first half of 1993, also £59 million. RBS does not break out foreig