The 2011 figures Royal Bank of Scotland reported yesterday demonstrate that the strategy to stabilise the bank has, broadly speaking, worked: a £45bn capital injection combined with aggressive deleveraging of the non-core business has created a far sounder institution, as attested to by a core tier one ratio of 10.6 per cent at year end 2011, up from its lows of 4 per cent in 2008. Plenty of risks remain, but the progress made so far is of huge credit to chief executive Stephen Hester and his team.
蘇格蘭皇家銀行(RBS)週四發佈的2011年財報表明,旨在穩定該銀行的策略大體上已經奏效:450億英鎊的注資,加上對非核心業務激進的去槓桿化操作,已經使這家銀行穩健了許多。截至2011年底,核心一級資本比率達到10.6%,遠高於2008年的4%。儘管仍存在許多風險,但迄今爲止所取得的進步,主要歸功於執行長斯蒂芬•赫斯特(Stephen Hester)和他的團隊。