RBS could sell Ulster Bank assets
| 20 Jun 2013 10:10 |
| British Chancellor George Osborne has raised the possibility of Ulster Bank's assets being sold off from its parent, Royal Bank of Scotland. |
| In February, Ulster Bank reported losses of more than €1.2 billion for 2012, a slight increase on the previous year. |
| Mr Osborne announced that a review would look at whether RBS could be broken up into a "good bank" and a "bad bank" during a speech in London last night: |
| He also said that he would like the bank to separate out toxic assets and risky loans from parts of the business that support the British economy. |
| The review will particularly focus on assets in Ulster Bank and UK commercial real estate, and will not involve any further injection of British taxpayer money into RBS. |
| Speculation has been mounting that the British treasury wants to begin the process of selling its stake before the 2015 general election. |
