Barclays has sold off another of its non-core assets, just days after offloading most of its Portuguese business.
The bank has now sold its UK secured lending portfolio to a group led by Goldman Sachs for an undisclosed sum, which it said would reduce its risk-weighted assets by £1.2bn and improve its capital ratio.
Read more: Barclays flogs Portuguese assets
“We continue to make solid progress in divesting assets from Barclays non-core. The sale of UK secured lending is further evidence of our ability to reduce these legacy assets, as we target a risk-weighted assets figure of around £20bn in 2017," said Barclays chairman John McFarlane.
The sale last week of its retail banking, wealth and investment business in Portugal will reduce its risk-weighted assets by £1.7bn.