Bloomberg News

RBS to Sell Romanian Retail Division or Portfolio, Bursa Reports

June 13, 2012

Royal Bank of Scotland Group Plc plans to sell its retail business in Romania or its credit portfolio, Bursa reported, citing Henk Paardekooper, who heads RBS Romania SA.

RBS doesn’t intend to sell its Romanian lender, which will continue to focus on corporate banking, the Bucharest-based newspaper quoted Paardekooper as saying.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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