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RBS to ease burden on debtors

Royal Bank of Scotland is to delay foreclosures on commercial property assets, to give struggling customers more time to pay, the bank’s boss Stephen Hester said yesterday. He told the British Property Federation’s annual conference RBS is determined to “behave responsibly and to play a long game” to help customers manage debts. He added that RBS needed to reduce its 29 per cent share of the UK commercial property lending market.