Twitter

11/6/2009-Royal Bank of Scotland Group (NYSE:RBS) reported a Q3 net loss of 1.8 billion pounds (USD$3 billion) Friday morning despite improvement in core profits and increased lending.

The bank reported total income for the three months ending on September 30 came in at 7.1 billion pounds, down from 8.6 billion pounds in the year-ago period.

RBS reported impairment charges of 3.3 billion pounds, but excluding those charges, the government controlled bank's operating profit increased by 55% to 1.75 billion pounds.

The company reported adjusted Tier 1 capital ratio of 11.1% at the end of the quarter.

The company's Chief Executive Stephen Hester said a full recovery from its near bankruptcy a year-ago, could take years.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html