FX Week

Royal Bank Of Scotland Reports Interim Period Dealing Profits

BANKS

Dealing profits at Royal Bank of Scotland (RBS) rose 14 per cent for the first fiscal half year ended March 31, to £48 million from £42 million a year ago.

RBS, which reports on an October-to-September fiscal year, does not break out foreign exchange from its overall dealing income, although a figure was given to FX Week for the 1995 results; however, officials now decline to do so (FXW, December 4).

Dealing profits include foreign exchange and arbitrage trading income, profits/losses on sale