The bank also said it would set aside £802 million as impairment charges, with around £628 million related to what it called the "uncertain economic outlook," referring to the anticipated fallout from the coronavirus pandemic. and instead integrate its technology into Mettle — the digital bank for small and medium enterprises — while it is developed.
RBS said it would not undertake interim dividend payments or share buybacks until the end of 2020 and called attention to its concerns over uncertainty about the economy and how this position had "deteriorated sharply." The bank had slashed more than 130 jobs in its investment banking division during the coronavirus crisis, the
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