RBS' CFO Sees a Return to Profit in 2018

The transcript covers a discussion with Ewen Stevenson about the bank's financial outlook, including profitability timelines, RMBS settlement, cost-cutting measures, and the Williams and Glyn deal. It also addresses business lending trends, the path to dividend payments, and updates on PPI provisioning.

What year does the bank expect to return to profitability?

• 2019

• 2017

• 2020

• 2018

How much does the bank plan to cut in costs over the next four years?

• £3 billion

• £1 billion

• £4 billion

• £2 billion

What is the main goal of the Williams and Glyn proposal?

• Improve competition in the SME marketplace

• Reduce employee numbers

• Increase bank profits

• Expand into new markets

What was the volume growth in UK personal and business banking last year?

• 15%

• 20%

• 10%

• 5%

What is one of the key challenges mentioned in the commercial sector?

• Gradual slowdown

• Increased competition

• Rapid growth

• High interest rates

What is the bank's stance on paying dividends?

• They are currently paying dividends

• They have no plans to pay dividends

• They plan to pay dividends once certain conditions are met

• They will pay dividends regardless of profits

What is the current status of PPI provisions according to the bank?

• Nearing completion

• Just beginning

• Already completed

• Midway through