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.