RBS said to exit Middle East and Africa corporate and debt capital markets business

RBS building

Royal Bank of Scotland is exiting its corporate loans and debt capital markets business in the Middle East and Africa.

The move is part of Chief Executive Officer Ross McEwan’s decision last February to make RBS a smaller, more focused bank, an RBS spokeswoman said in an e-mailed response to questions from Bloomberg News, without giving more information.

The bank’s loan book, which runs into several billions of dollars, has been broken up and is being offered in parts after a sale as a whole elicited no response, according to two people with knowledge of the offer, who asked not to be identified because the information is private. 

Hit the link below to access the complete Bloomberg News article:

RBS Exiting Corporate Debt, DCM Business in Middle East

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