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The disappointing figure was attributed to the bank's provisions of GBP3.3bn for bad loans and credit-market write-downs.
Nevertheless, the 70% state-owned bank expects to be in the black in 2011, RBS chief executive officer Stephen Hester said today.
Meanwhile, RBS is to receive GBP45.5bn from the government in what would be the world's most expensive bank bailout.
In order to get the green light from the European Union for the aid, the bank wil sell its insurance assets, up to 300 local branches, an investment banking unit and a credit card payment division.
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