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Page last updated at 07:21 GMT, Friday, 7 August 2009 08:21 UK

RBS downbeat despite �15m profits

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RBS, which is 70% taxpayer-owned, has reported £15m profits for the first half of 2009 - but has had to write off £1bn of bad debts.

Chief Executive Stephen Hester said the taxpayer would make a profit within five years - but "there will be no miracle cure. Things are not going to bounce back immediately".

READ MORE: RBS downbeat despite £15m profit

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