RBS intends to get rid of credit assets abroad of $ 55 billion

Royal Bank of Scotland Group Plc., Rescued from collapse by the UK government, plans to close its overseas representative offices in lending transactions with commercial real estate loans and to dispose of 33 billion pounds ($ 55 billion) in its sole discretion, informs Bloomberg.

Source Agency said that the bank had suspended lending to investors and developers in transactions with commercial real estate outside the UK. RBS will seek to gradually return or sale of all existing loans of the foreign entities.

Currently, British banks are trying to reduce lending to businesses to increase their own capital base due to new regulatory requirements. That RBS gave the greatest number of credits for the purchase of office buildings, shopping centers and warehouses, as compared to other financial institutions in the UK. Active work in this area continued during the 5-year housing boom ended in 2007.

The Bank has already accumulated such loans outstanding at 91 billion pounds. Banking group Lloyds Plc., In which the British government is also the largest shareholder, has acquired similar loans to 84 billion pounds.

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