RBS International has announced its 2018 half-year results.
The Jersey-based business returned a pre-tax operating profit of £173 million, an increase of 80 per cent on the same period last year.
Total income has risen from £195 million in the first half of 2017 to £284 million this quarter.
In addition, return on equity has nearly doubled from 13.1 per cent in the first half of last year to 25.7 per cent this year.
The business attributed the increase to the acquisition of new client businesses from RBS in the UK, along with good growth in the underlying business.
Andrew McLaughlin, CEO, RBS International, commented: “Our financial performance is one measure of the progress we are making with our strategy to meet more of our customers' financial needs. We have invested in new options for growth in the UK and Europe.
"We are focused on improving every aspect of our customer service, becoming a better place to work and delivering attractive returns to our shareholder."