No Green Light to Dispose UK Government's 82% Stake in RBS

February 28
11:49 AM 2013

The UK government said it has not reached conclusion over the timetable for the disposal of its 82 percent state in state-controlled Royal Bank of Scotland (RBS), according to Primate Minister David Cameron's spokesman.

The spokesman said in a statement that there is no timetable yet to dispose government's stake as it thought efforts of RBS for reconstruction were heading in the correct pathways and that the bank had shown responsibility and restraint when paying out bonuses.

Earlier, RBS posted stronger profits that could potentially lead the government to initiate the sale of the stake that it acquired when the bank was bailed out during the global financial crisis in 2008.

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