LONDON, April 28 Royal Bank of Scotland
swung to a better than expected first quarter profit of 259
million pounds ($334.24 million), it reported on Friday, after
making a loss of nearly a billion pounds in the same period a
The result was more than the 50 million pounds forecast from
the average of analysts' estimates compiled by the bank, and was
the lender's first quarterly profit since September 2015.
The bank has not made a full-year profit in nine years, as
it battles restructuring costs and conduct fines resulting from
its years of over-expansion leading into the 2008 financial
RBS said its core capital ratio rose to 14.1 percent from
13.4 percent ayear ago.
($1 = 0.7749 pounds)
(Reporting By Lawrence White, editing by Huw Jones)