Bottomline Technologies,The Royal Bank of Scotland N.V. and RBS Citizens, N.A. have formed a new partnership in the payments space. With this agreement, RBS and RBS Citizens select Bottomline's Paymode-X(R) settlement network as a technology solution to expand the banks' treasury management offerings both domestically and around the globe. Paymode-X enables financial institutions to offer comprehensive payables solutions for their corporate customers to convert their paper-based payments to electronic payments quickly and easily.

The Royal Bank of Scotland N.V. reported unaudited consolidated and company earnings results for the half year ended June 30, 2012. For the period, on consolidated basis, the company reported net interest income of €368 million against €321 million a year ago. Income from trading activities was €52 million against €229 million a year ago. Loss before impairment losses was €744 million against €542 million a year ago. Operating loss before tax was €862 million against €1,639 million a year ago. Loss from continuing operations was €1,027 million against €1,456 million a year ago. Loss for the period was €1,016 million against €1,434 million a year ago. Loss attributable to controlling interests was €1,016 million against €1,434 million a year ago. Net cash outflows from operating activities were €2,743 million against net cash inflows from operating activities of €5,942 million a year ago. For the period, on company basis, the company reported net interest income of €260 million against €254 million a year ago. Operating loss before tax was €1,013 million against €1,542 million a year ago. Loss for the reporting period was €1,016 million against €1,434 million a year ago. Loss attributable to controlling interests was €1,016 million against €1,434 million a year ago. Loss from continuing operations was €1,027 million against €1,456 million a year ago. Loss before impairment losses from was €744 million against €542 million a year ago.

The Royal Bank of Scotland N.V. reported audited consolidated and company earnings results for the year ended December 31, 2011. For the period, on consolidated basis, the company reported operating loss before tax of €263 million and loss attributable to controlling interests of €656 million on total income of €3,929 million against operating profit before tax of €425 million and profit attributable to controlling interests of €1,108 million on total income of €3,872 million for the same period a year ago. Net interest income decreased by €739 million to €688 million compared with €1,427 million in 2010, reflecting further reductions in interest earning assets due to transfers to RBS plc and the disposal of Non-Core operations. Loss from continuing operations was €696 million against profit from continuing operations of €123 million a year ago. Net cash outflows from operating activities were €2,944 million against €25,772 million for the same period a year ago. Purchase of property, plant and equipment was €107 million against €154 million for the same period a year ago. Net investment in business interests and intangible assets was €27 million against €122 million for the same period a year ago. Operating loss results from higher in operating impairment losses mainly due to the impairment of Greek sovereign bonds in 2011, which was partially offset by a fair value gain on own debt. This increase in total income is mainly attributable to the fair value gain on own debt resulting in higher other non-interest income. For the period, on company basis, the company reported operating loss before tax of €252 million and loss of participating interests after taxes of €656 million on total income of €3,318 million against operating profit before tax of €602 million and profit of participating interests after taxes of €198 million on total income of €3,107 million for the same period a year ago. Net interest income was €501 million against €833 million for the same period a year ago. Net loss for the year was €656 million against net profit for the year of €1,110 million a year ago.