By Daniel Hunter

The Royal Bank of Scotland (RBS) will make the final loan repayment to the US and UK governments next week.

The bank confirmed that they will repay the last of the £163 billion, which they received in emergency loans, by next week.

This announcement comes on the back of their first quarter results, which saw the bank report a pre-tax loss of £1.4 billion, compared with a loss of £116 million in the same period last year.

"The start of 2012 has shown pleasing progress at RBS within the context of a flat economic environment," said RBS chief executive Stephen Hester.

The bulk of the bank's losses were down to changes in the valuation of their debt, and money set aside to cover claims for the mis-selling of payment protection insurance (PPI).

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