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