The Royal Bank of Scotland Group plc announced on Friday its total income for the fourth quarter of 2017 was £3.4 billion, marking an 8% decline from £3.7 billion recorded in the same period a year ago.
The Edinburgh-based bank's earnings per share in the quarter to June stood at 0.8 pence, tumbling 85% year-on-year, while profit attributable to shareholders dropped from £680 million in the second quarter of 2017 to £96 million this year. Profit before tax dropped 50% year-on-year and stood at £613 million. RBS added it paid a £1 billion fine to the United States Department of Justice in the second quarter for misselling mortgage-backed securities in the run-up to the 2008 financial crisis.
The Scottish lender also announced plans to pay its first dividend in the last 10 years. The timing of the declaration of the interim dividend of 2 pence per ordinary share will depend on the timing of the finalization of its settlement with the DoJ, the bank added.
