Royal Bank of Scotland (RBS) has booked impairment charges of £11.3 billion on the £15.5 billion in loans it transferred from Ulster Bank to its internal bad bank, new figures show.
The scale of the impairment charges, revealed in a supplementary report to RBS's first quarter results last week, underline yet again the scale of the problems within its Irish wing.
Ulster Bank transferred loans once valued at more than £15 billion to RBS Capital...
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