RBS considers bid for mortgage portfolio

Royal Bank of Scotland Group is one of many prospective bidders that have shown an interest in buying Granite, a £13bn (€18.3bn) mortgage securitisation vehicle earmarked for sale by the UK government.

RBS considers bid for mortgage portfolio

RBS may team up with other bidders, including private equity firms to buy Granite, or may decide to not bid at all, Sky News said.

The state-owned bank is looking to deploy some of its surplus funds through the potential purchase, and invest primarily in UK retail and commercial business to grow its position in mortgages, the website said.

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