UK bank to sell off Gulf retail assets

Martin, Matthew
April 2009
MEED: Middle East Economic Digest;4/24/2009, Vol. 53 Issue 17, p11
The article reports that Royal Bank of Scotland (RBS) is planning to sell its retail banking network in the Middle East in the wake of the global financial crisis. It is stated that the crisis has hit RBS hard. It led the consortium that bought Dutch bank ABN Amro, of which the Gulf network was a part, for $70 billion in October 2007.


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