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Royal Bank of Scotland Bullish on Full-Year Results

AP
Wednesday, 6 Dec 2006 | 3:57 AM ET

Royal Bank of Scotland Group said Wednesday that its full-year results are likely to be slightly higher than the market consensus due to growing income and efficiency gains.

Consensus forecasts predict profit of 9.16 billion pounds ($18.1 billion) before tax and other costs and adjusted earnings per ordinary share of 190.7 pence ($3.77).

"The group is maintaining good organic growth in total income in 2006, notwithstanding recent U.S. dollar weakness," the company said in a trading statement to the London Stock Exchange.

"Non-interest income continues to grow faster than net interest income and is expected to account for more than 60 percent of total income."

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