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RBS and Lloyds on loss list

ROYAL Bank of Scotland and Lloyds Banking Group have made it on to a list of the world's 25 biggest loss-making banks.

Lloyds had the ninth highest losses for 2011 at more than $5.4 billion (£3.4bn) while RBS's $1.1bn pre-tax loss put it 21st.

The National Bank of Greece topped the table with a $17.3bn loss, followed by Belgium's Dexia at $15.1bn and Italian-based Intesa Sanpaolo with $12.4bn. In the profits league, HSBC was the top UK performer, with $21.9m, in seventh position. Barclays was the only other UK bank in the top 25 with $9bn, in the number 18 slot.

Chinese banks took four of the top five places in the profits league with Industrial Commercial Bank of China filling the top spot with more than $43bn.

JP Morgan Chase & Co was the highest placed United States bank with its $26.7bn putting it in fourth position. The report, produced by The Banker magazine, also featured a ranking by Tier 1 capital, which is measure used to calculate how much money a bank has in its coffers. HSBC was the only UK institution to make the top 10 and was in fourth position.

In the past five years, the UK sector's share of global banking profits has halved to 5%. In contrast China, which accounted for 4% of profits in 2007, now makes up 29.3% of profits.

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