European bank stocks surged due to increased investor confidence in the European economy. RBS competitors Barclays and Lloyds rose 9.8 and 8.2 percent, respectively.
RBS sold its equity stake in the Bank of China for 1.6 billion pounds ($2.3 billion).
RBS raise 20 billion by 15 billion ordinary shares and 5 billion preference issue
RBS has announced the European largest ever right issue in 22 April 2008 to claim £12bn of extra capital from shareholders.