RBS profits should end bank closures


Caithness, Sutherland and Easter Ross MP Jamie Stone has today called for RBS profits to be used to prevent forthcomng branch closures and job losses as RBS reported a profit of £792m for the first three months of 2018. This is up from £259m for the same quarter last year.

In total 62 RBS branches are set to close or are under threat.

Mr Stone, who has been campaigning against branch closures in Tain, Tongue and Wick, said:

"RBS have had a difficult decade but now that the profits are flooding in once more, they need to be mindful of the communities who stood by them when times were tough and the taxpayer's money that helped them out of a hole.

"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 taxpayers in rural areas, about to lose their branches, deserve something back in return. Rural communities must not be left behind.

“Our local economies deserve busy high streets and face-to-face reliable banking. Peeling services back to their bare bones and making people rely on ever reducing mobile services, which are vulnerable to the elements, is simply not good enough."


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