RBS could restart dividend payments - Investments - News - Moneyfacts


RBS could restart dividend payments

RBS could restart dividend payments

Category: Investments

Updated: 26/09/2012
First Published: 26/09/2012

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The chief executive of Royal Bank of Scotland (RBS), Stephen Hester, has hinted that the bank could restart dividend payments to its shareholders "imminently".

According to Mr Hester, the state-owned bank intends to have completed its restructuring programme by next year, by which time it hopes to start "articulating a dividend policy".

Addressing an audience of investors, he stated that RBS was close to becoming a 'good bank' and had nearly exited the asset protection scheme, insuring the majority of its toxic loans.

"I hope by 2013 the restructuring phase should be largely complete and I hope that our ongoing businesses should be largely retooled and performing at least in line with competitors, with robust, enduring and valuable franchises at that point," he said.

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