Disposal of RBS Retail Busine

RNS Number : 8143N

Royal Bank of Scotland Group PLC

17 June 2010

 

17 June 2010

The Royal Bank of Scotland Group plc - Disposal of Retail Business in Kazakhstan

RBS announces sale of RBS Retail Business in Kazakhstan

The Royal Bank of Scotland Group plc ("RBS") has agreed the sale of its retail business in Kazakhstan to HSBC for a maximum consideration of up to $52 million in cash.

The transaction is subject to regulatory and other approvals and expected to complete on 1 September 2010.

The sale represents further progress against RBS' five-year strategic plan. RBS will continue to have a significant presence in Kazakhstan, focused on the corporate and investment banking franchise.

Richard O'Connor 

Investor Relations 

[phone]

Group Media Centre

Tel: [phone]

 

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