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NWG Natwest Group Plc

284.50
4.80 (1.72%)
Last Updated: 11:32:29
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.80 1.72% 284.50 284.40 284.60 284.90 281.30 282.00 4,969,475 11:32:29
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.37 24.87B

RBS Sells Irish Real-Estate Loans for $1.72 Billion

16/12/2014 8:21am

Dow Jones News


Natwest (LSE:NWG)
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By Ed Ballard 

LONDON-- Royal Bank of Scotland Group PLC has sold a portfolio of Irish real-estate loans to U.S. private equity group Cerberus Capital Management L.P. for GBP1.1 billion ($1.72 billion) in cash.

The transaction is part of RBS's plan to strengthen its capital position and reduce its exposure to risk by selling so-called risk-weighted assets, the 80% government-owned bank said on Tuesday.

The loans have a carrying value of GBP1 billion. The gross assets are GBP4.8 billion and generated a loss of GBP0.8 billion in 2013, principally impairment provisions, RBS said.

Write to Ed Ballard at ed.ballard@wsj.com

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