Strong income growth, improvements in efficiency and a stable credit environment means the Royal Bank of Scotland Group is likely to meet profit expectations in the first half of 2004, the group said.
In a pre close trading statement the banking and insurance company said it had maintained strong momentum in its income growth in the first half of the year.
The company said the integration of recent acquisitions was on track and that its capital ratios remained strong.
Group chief executive Fred Goodwin, said: “Good momentum continues across each of our businesses and we are on track to deliver strong organic growth in income whilst continuing to improve efficiency.”
