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Royal Bank of Scotland continues loan book disposal

It is been revealed that Royal Bank of Scotland has this week sold on a £220 million loan book as the company continues to reduce assets held on its balance sheet. The company has confirmed on numerous occasions that around £258 billion of assets will eventually be released from the company's control and the ongoing sale of various loan books is part of this strategy.

Oh how the mighty fallen, given the fact that only two years ago Royal Bank of Scotland was recognised by many as the largest banking group in the world with exposure to the Far East, UK, Europe and Americas. However, it seems that the company overstretched its balance sheet and when the credit crunch and worldwide recession hit home the group was on the verge of collapse, something which was only avoided when UK taxpayers intervened with direct funding.

The Royal Bank of Scotland that we see today is very different to the one of two years ago and the Royal Bank of Scotland we will see in two years time will be very different to the one we see today. The change in the make-up and future prospects of Royal Bank of Scotland perfectly illustrate the damage caused by the worldwide recession which has left deep scars on the worldwide financial arena.

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