Royal Bank of Scotland today reiterated that the part-nationalised bank was continuing to make steady progress in its recovery plan, while warning that bad debt charges were likely to remain high.
'Consistent progress continues,' Nathan Bostock, head of group restructuring and risk, said as part of his presentation to a Goldman Sachs conference.
Bostock also said that RBS expected commercial property impairments to remain high, particularly at its Ulster Bank unit in Ireland.
The UK government finished up with an 83% stake in RBS after having to bail out the bank during the credit crisis.
