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BRIEF-RBS takes 750 mln stg provision for new Williams & Glyn sale plan
February 20, 2017 / 7:06 AM / 7 months ago

BRIEF-RBS takes 750 mln stg provision for new Williams & Glyn sale plan

Feb 20 (Reuters) - Royal Bank Of Scotland

* RBS has taken a £750 million provision within its 2016 annual results as a consequence of today’s proposal

* Alternative plan for RBS to meet its remaining state aid obligations

* We will assess timing and manner in which we reincorporate business into rbs franchises.

* This reintegration would likely create some additional restructuring charges during 2017 and 2018. Source text for Eikon: Further company coverage: (Reporting by Lawrence White)

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