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NWG Natwest Group Plc

275.40
3.00 (1.10%)
18 Apr 2024 - Closed
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
  3.00 1.10% 275.40 275.50 275.60 277.60 273.40 275.40 32,713,200 16:35:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.23 24.24B

Royal Bank of Scotland Sells Irish Real Estate Loans for GBP205 Million

26/05/2015 6:57pm

Dow Jones News


Natwest (LSE:NWG)
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From Apr 2019 to Apr 2024

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By Tapan Panchal

LONDON--Royal Bank of Scotland Group PLC (RBS.LN) said on Tuesday it expects to receive around 205 million pounds ($317.24 million) in cash on disposal of further portfolio of Irish real-estate loans.

The banking and financial services company said it has signed an agreement to sell a further portfolio of loans to an entity affiliated with Cerberus Capital Management LP.

The sale is expected to result in a loss of GBP5 million after transaction costs. The loans generated a loss in the region of GBP16 million in 2014.

Completion of the sale is expected in June. The disposal proceeds will be used for general corporate purposes.

Write to Tapan Panchal at tapan.panchal@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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