Royal Bank Of Scotland Reports Rise Of 26% In 1995 Forex Gains

BANKS

Foreign exchange income at Royal Bank of Scotland rose 26 per cent for 1995, from about £41 million to about £52 million, according to bank officials. RBS, which reports on an October-to-September fiscal year, does not break out foreign exchange from its overall dealing income in its report. But officials say that foreign exchange represents almost exactly 50 per cent of the £104 million total for the year.

RBS reports that the notional principal of its outstanding FX forwards contracts for t