Wednesday, Royal Bank of Scotland Group plc (RBS,RBS.L) said it has disposed of its 4.26% equity stake in Bank of China for a net consideration of GBP 1.6 billion. RBS sold 10.8 billion H shares at HK $1.71 per share.
The bank said the decision to sell the stake was part of the ongoing strategic review of its businesses announced in October. After taking account of tax and the effects of currency hedging, the impact of this disposal on the company's capital ratios is expected to be broadly neutral.
Further, the company said it will no longer record the equity minority interests relating to its original consortium investment in Bank of China in its accounts from January 2009. The loss of these equity minority interests reduces the company's capital ratios by approximately 15 to 20 basis points. As a result of the above actions, the company will benefit from an overall reduction in RWAs of around GBP 4 billion.
RBS said it will continue to operate its network of branches across China in the areas of Global Banking & Markets, Global Transaction Services, Wealth Management, and Retail & Commercial Banking.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.