The bank’s Chairman Howard Davies told the Times that the bank would prefer to use the spare cash to buy RBS shares back from the UK government but would consider paying a special dividend if shareholders were in favour of it.
“If there are a lot of shareholders pressing for a special dividend, that is something we would consider,” Davies told The Times.
A special dividend could be used to pay about 33 pence a share to investors, the Times said.
In August, RBS said it would pay an interim dividend of 2 pence per share in October, its first handout to investors since the bank was bailed out following the 2008 financial crisis.
Shares in RBS, which have shed some 8% of their value so far this year, were 1.7% up at 249p in early trade.