RBS N.V. Agrees to Sale of Ch

RNS Number : 3744T

Royal Bank of Scotland Group PLC

27 September 2010

 

 27 September 2010 

Royal Bank of Scotland N.V. Agrees to Sale of its Chilean Business 

RBS N.V. has announced today that it has reached an agreement to sell its Chilean business to The Bank of Nova Scotia (Scotiabank). The transaction is subject to regulatory approvals and is due to complete during Q4 2010.   

This sale follows the sale of the RBS Colombia business to Scotiabank, the agreed sale of the RBS Argentina branch business to Banco Comafi S.A. and the sale of the offshore loan book covering assets from Argentina, Chile and Venezuela, and demonstrates strong progress against our strategic plan. 

RBS will continue to have a footprint in Latin America focused in Mexico and Brazil.  

For further information:  

Richard O'Connor

Investor Relations 

[phone]

Group Media Centre

Tel: [phone]  

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