RBS to sell German and US debt

Royal Bank of Scotland is set to sell large portfolios of real estate debt in Germany and the US, according to reports yesterday. The sale is part of its drive to dispose of non-core businesses. RBS has already sold £1bn of real estate loans in Spain in the last year and close to £1bn of loans in the UK. It will shortlist private equity groups for a £1.6bn disposal of UK property loans this week.