RBS sells further North American loan portfolio to Mizuho

Getty Images

Royal Bank of Scotland has sold a further portfolio of North American loans to Mizuho, as it continues to sell off unwanted international assets to focus on domestic lending.

RBS, which is 80 percent-owned by the British government, said the additional portfolio sold to Mizuho comprises $5.6 billion of loan commitments. It will receive $500 million in cash from the sale, generating an overall loss from the disposal of around $30 million. .

RBS agreed in February to sell U.S. and Canadian loan commitments to Mizuho, in a deal worth £3 billion, marking the largest move overseas by one of Japan's top banks

Follow us on Twitter: @CNBCWorld