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The government has already started selling off shares in its state-backed rival Lloyds Banking Group, but RBS's privatization was considered by banking and political sources to be three to five years away despite drastic cost-cuts, asset sales and the shrinking of its investment bank. Britain pumped 45.5 billion pounds into the bank during the 2008/09 financial crisis, leaving the government with an 81 percent stake and taxpayers are still sitting on a paper loss of 11.7 billion pounds. RBS's second-quarter numbers far exceeded analysts' expectations, prompting the bank to report a week early, and sent its shares soaring 13.5 percent to 373 pence at 1030GMT - on course for their biggest one-day gain since April 2009. Though some of those analysts may now alter their view on the bank, new Chief Executive Ross McEwan, who took over from Stephen Hester in October 2013, sounded a note of caution, pointing out that RBS is still dealing with significant problems from its past.