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RBS bank says annual net loss widens to £1.99 bln

State-rescued Royal Bank of Scotland on Thursday announced a widening of annual net losses to £1.99 billion (2.35 billion euros, $3.12 billion).

RBS, 82-percent owned by the British government after a massive bailout in the wake of the financial crisis, said its loss after tax for 2011 compared with a net loss of £1.12 billion in 2010.

bcp/wai

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