The portfolio has a par value of EUR286m. The proceeds from the transaction are in cash.
The disposal represents a further step in RBS’s plan to run off or dispose of the assets within the Non-Core Division.
By 31 December 2010, overall funded assets in non-core had reduced to £138 bn from the original funded asset base of £258 bn.
RBS was advised on the sale by its Global Banking and Markets division.
