Royal Bank of Scotland is to say that as of next week, it will have repaid all the £163bn of emergency loans it received from UK and US taxpayers, BBC business editor Robert Peston says. The announcement is expected when the bank reports its first-quarter results on Friday. The government still owns 82% of shares in the bank. Lloyds has also said it will have repaid all its emergency borrowing from UK taxpayers by the end of the year. Lloyds' borrowing peaked at £157bn. Both banks took out the emergency loans at the height of the financial crisis.

In total, RBS received:
  • £75bn from the credit guarantee scheme - bonds issued by banks that are guaranteed against default by the Treasury - and the Bank of England's special liquidity scheme
  • £36.6bn in emergency liquidity assistance from the Bank of England
  • $84.5bn (£52.4bn in today's money) from the US Federal Reserve

Read more here---: BBC News - RBS repays £163bn emergency loans