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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Credit Suisse Ag | NYSE:CRP | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 25.61 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
By Ed Ballard
LONDON-- Royal Bank of Scotland Group PLC has sold a portfolio of Irish real-estate loans to U.S. private equity group Cerberus Capital Management L.P. for GBP1.1 billion ($1.72 billion) in cash.
The transaction is part of RBS's plan to strengthen its capital position and reduce its exposure to risk by selling so-called risk-weighted assets, the 80% government-owned bank said on Tuesday.
The loans have a carrying value of GBP1 billion. The gross assets are GBP4.8 billion and generated a loss of GBP0.8 billion in 2013, principally impairment provisions, RBS said.
Write to Ed Ballard at ed.ballard@wsj.com
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