Everything you want to know about RBS' branch selloff but were afraid to ask

RBS is preparing to sell off 316 bank branches under conditions set by the EU when it received a bailout in 2008. MT looks at the facts and figures

by Emma Haslett
Last Updated: 09 Oct 2013

Royal Bank of Scotland, the 81% taxpayer-owned bank, will take its first step toward privatisation in the next few months when it announces the winning bidder for 316 of its bank branches. The branches are being sold as part of the conditions for RBS' bailout in 2008.

It won't be straightforward: the branches were originally supposed to be bought by Santander, but the deal fell through last October when Santander said integrating the branches' IT system with its own would be too difficult.

RBS has apparently narrowed down bidders - which are originally understood to have included Virgin Money and a joint offer from buyout firms Apollo Management and JC Flowers - to three.

Want to know more? Check out our handy cut-out-and-keep guide...

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Upcoming Events

Latest on MT

5 things you didn't know about R&D tax credits

5 things you didn't know about R&D tax credits

Is your business innovating? You could claim back tax on fuel, staff and other costs.

Can you start your own business without quitting your day job?

Can you start your own business without quitting your day job?

Torn between the freedom of the start-up life and the security of the payroll? As a part-time entrepreneur you can have both.

Meet the entrepreneur making credit scores free

Meet the entrepreneur making credit scores free

Former ZAPP CMO Justin Basini has built an ad-funded credit score start-up with more than 2 million users.

Do companies actually believe in gender equality?

Do companies actually believe in gender equality?

Diversity programmes may be great to pad out the CSR page on your website, but be ready to practise what you preach.

Which Olympic sport matches your small business style?

Which Olympic sport matches your small business style?

Sponsored: Are you a target-focused archer or a soaring pole vaulter?

Aldi and Lidl will continue to grow

Aldi and Lidl will continue to grow

UPDATE: The discounters' market share is already expanding at the expense of the Big Four, and economic uncertainty over Brexit will only help them.