Citizens Financial Group Inc., the Providence, R.I.-based subsidiary of Royal Bank of Scotland PLC, reported earnings of $13.2 million for the quarter ended March 31, a 67% increase from the previous year.

Citizens, which begins its fiscal year in October, also reported a 36% profit increase for its first six months, to $34.1 million. The bank had assets of $10.2 billion at March 31, up 51% from last year's second fiscal quarter.

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