RBS warns of higher loan losses in 2019
RBS anticipates impairment charges on its outstanding loans to edge higher during 2019.
Loan losses deducted from net income hit £86 million ($111 million) over the three months to end-March, up from £78 million in the year-ago quarter. As a result, the lender’s loan impairment rate – annualised loan losses for the quarter divided by gross customer loans – ticked up to 0.11%, from 0.10% in Q1 2018.
RBS said it expects the loan impairment rate to increase slightly in 2019, but not exceed 30 to
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