To ask Mr Chancellor of the Exchequer, what the value is of sold RBS assets overseas; and how much of that value has been returned to his Department.
16 October 2014
HM Treasury does not hold information relating to the value of assets overseas that have been sold by RBS.
HM Treasury does not directly receive proceeds from the disposal of RBS assets, rather it retains value through its shareholdings in the company.
RBS is run on a fully commercial basis, at arm’s length from HM Treasury. It retains its own board of directors who are responsible for the commercial decisions of RBS. HM Treasury is not involved in the disposal decisions or execution process for individual assets.