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RBS eyeing higher Mideast derivative sales
- Middle East: Tuesday, May 07 - 2013 at 05:19
Royal Bank of Scotland Group has said it aims to increase returns from derivatives sales in the Middle East region as earnings from arranging debt sales and lending fall, Bloomberg has reported. RBS could add five to 10 percentage points to its return on equity in the region through arranging more swap, options and forward contracts, said the bank's head of debt capital markets in the region, Jacco Keijzer. If we "just keep running after bonds, it'll be challenging to make budget," Keijzer said. "We are actually investing quite heavily in our derivatives platform."
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