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RBS sets aside another L125m for PPI claims

The Royal Bank of Scotland (RBS) is foresee to plunk aside another L125 million for the sake payment protection guarantee PPI claims.

As a development of this, the whole string made before the lender for PPI claims drive reach L1.2 billion, with L501 million paid out as of Parade 31st 2012.

The company posted a rank operating profit to the maiden quarter of 2012 of L1,184 million, with the marrow operating profits hitting L1,667 million during this timeframe.

Furthermore, the bank claims to have provided UK businesses with loans advantage L14.3 million, with L7.9 billion of this lent to small and medium-sized enterprises.

Chief executive of RBS Stephen Hester stated the bank is pleased with its conduct during the primary three months of the year, although "the economic and regulatory backdrop remains well-built".

Furthermore, the UK's briefness has remained to some degree positive, he declared.

"I'm naturally expectant and I feel that things leave put," the saleswoman added.