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RBS profits should be used to stop bank closures

February 23, 2018 1:00 PM
Originally published by Scottish Liberal Democrats

RBS profits should be invested in developing its customers services rather than continuing its programme of closures and job losses according to Liberal Democrat Scottish Affairs spokesperson Christine Jardine MP.

The Edinburgh West MP's comments followed news that the bank has posted profits of £752 million, its first profits in a decade.

Ms Jardine said:

"While this profit is welcome news, particularly for the many staff who have been through a difficult decade it does provide an opportunity for the bank to think again about its policy of closures.

"The proposed branch closures, which would save the firm as little as £9 million, are a lifeline for many rural communities and businesses.

"The RBS bail-out was taxpayer funded and so surely those tax payers in rural areas, about to lose their branches, deserve something back in return. Rural communities must not be left behind."