More losses have been reported by Royal Bank of Scotland, since investment banking profits were not successful to offset bad debts and the state-owned lender warned of more 'poor' results to come.

The bank's long road to recovery is being explained as a marathon and not a sprint by the Royal Bank of Scotland's Chief Executive Stephen Hester.

For the first six months of 2009, a billion pound loss has been posted by RBS. It should be noted that the figure appeared even after profits in the company's investment banking arm.

Bad debts of the bank have hit £7.5 billion across the group.

Mr. Hester said, "Can I say that there are many things that we are doing to get back to health and repay the support we've had for which we're very grateful and part of that is to get rid of the risks which makes it hard for us to support out customers without government help."

The financial crisis implanted very adverse impact on RBS, which was only saved after a government cash injection, and is now 70 percent owned by the British government.