Independent.ie - European - Feb 25, 2010The Royal Bank of Scotland Group plc (RBS)
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Arturo De Frias
at
Evolution Securities"The group is ahead of its targets on every published measure for this first year of the five year plan."
RBS, which needed £45.5bn in UK taxpayer funded support, is undergoing the most complicated restructuring of any company in history, the bank's chief Stephen Hester said last month. The bank is selling assets and halting some activities such as leveraged finance after putting £282bn of assets into a government protection program that caps losses on toxic loans.
"The numbers look better than expected and capital ratios are in line with expectations," said Arturo De Frias, an analyst at Evolution Securities Ltd. in London who has a "buy" rating on the stock. "Impairments look less than expected."
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"The group is ahead of its targets on every published measure for this first year of the five year plan." <span class="company">RBS</span>, which needed £45.5bn in UK taxpayer funded support, is undergoing the most complicated restructuring of any company in history, the bank's chief Stephen Hester said last month. The bank is selling assets and halting some activities such as leveraged finance after putting £282bn of assets into a government protection program that caps losses on toxic loans.<span class="sent"> "The numbers look better than expected and capital ratios are in line with expectations," said <span class="analyst">Arturo De Frias</span>, an analyst at Evolution Securities Ltd. in London who has a "buy" rating on the stock.</span> "Impairments look less than expected."..."The group is ahead of its targets on every published measure for this first year of the five year plan." <span class="company">RBS</span>, which needed £45.5bn in UK taxpayer funded support, is undergoing the most complicated restructuring of any company in history, the bank's chief Stephen Hester said last month. The bank is selling assets and halting some activities such as leveraged finance after putting £282bn of assets into a government protection program that caps losses on toxic loans.<span class="sent"> "The numbers look better than expected and capital ratios are in line with expectations," said <span class="analyst">A
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