Royal Bank of Scotland Reported on the Term Losses

Royal Bank of Scotland (RBS) reported on 1.5 billion pound sterling term loss. At the same period of the previous year the the company's loss amounted to 794 million pounds. In January - June of 2012 the bank's revenue decreased by 8%, amounting to 13.2 billion pounds.
RBS also reported that it is saving 125 million pounds sterling in order to compensate the customers who suffered from the failure of banking system . The customer service failure time has been recorded in the June of this year due to software updates, which continued for almost several weeks. The prior amount of damages caused to customers reaches to 1.3 billion pound sterlings.
RBS's 80% is owned by the state. Recently rumors have been spread that the state is going to buy the remaining shares of the bank with 5 billion pound sterlings. The British Government is disappointed that the RRS does not credit to local businesses. According to the experts of Financial Times magazine, full nationalization of RBS won’t occur.