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RBS could restart dividend payments

RBS could restart dividend payments

Category: Investments

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

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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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