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.
苏格兰皇家银行(RBS)周四发布的2011年财报表明,旨在稳定该银行的策略大体上已经奏效:450亿英镑的注资,加上对非核心业务激进的去杠杆化操作,已经使这家银行稳健了许多。截至2011年底,核心一级资本比率达到10.6%,远高于2008年的4%。尽管仍存在许多风险,但迄今为止所取得的进步,主要归功于首席执行官斯蒂芬•赫斯特(Stephen Hester)和他的团队。