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RBS reduces CRE loans ahead of schedule
Royal Bank of Scotland’s ‘bad bank’ has disposed of £4bn of loans, about half of them on non-performing commercial real estate assets. RBS Capital Resolution (RCR) said it had reduced its assets by 25% to £11.1bn in the first quarter of the year and it would dispose of around half the remaining total by the end of 2015 – a year earlier than planned.
