London (Reuters) - taxpayer support of the royal bank of Scotland is to stimulate the from the government's plan, insurant the highest risk loans, clear in the journey to get rid of turbulence state control is an important obstacle.
RBS will exit the program protection is not necessary, it said Wednesday, save 125 million pounds each quarter of the cost of in the future.
As a taxpayer aid, save bank collapse, in 2008, the government owns 82% of the shares, the company was forced to take the insurance. It need to display the bank has been restored to health, is the risk small, solve some technical problems before actual reduce stock shares, investors and analysts say.
Royal bank of Scotland to pay the minimum premium for 25 billion pounds ($400 million), since 2009 to join the British government asset protection program (APS).
The market generally expected news, but welcome. Royal bank of Scotland shares rose 2%, by 1044 GMT, Europe the strongest one of bank shares.
"Said:" this is good news, because it has been speculation in this summer's exports may be postponed to 2013, the biggest 10 Banks, investors in the requirements will not be named one of the. "There is a small additional positive today have trival additional conditions."
Specially designed insurance plan covering the potential loss of $28.2 billion royal bank of Scotland's toxic assets, in the 2008 years of save city.
"The government's strategy still return to royal bank of Scotland to the private sector for taxpayers to do so very value, finance minister George osborne said:" today is a step in this direction.
The government sitting on 2 billion pounds lost 45 million pounds capital injection to the royal bank of Scotland. It can sell shares in a state of loss, but through the former, it is likely that there are several milestone.
"I bet the station is the first placed in the next election before, but it is a fluid situation, institutional investors said."
In road bump
Royal bank of Scotland will be required to complete a complex capital structure adjustment, some of the needs from European regulators approval. This will involve get rid of dividend access Shared - this to the government's rights, improve the coupon, and may spend about 1.8 billion pounds bank - and the government's B shares converted into ordinary shares.
Analysts said, the bank also can see in the United States sell its corporate citizen, and use the money to buy some shares of the government.
These steps will improve governments sell RBS share opportunities, create a bank capital adequacy, Britain a clear strategy as the key. This may appeal to investors, such as Qatar sovereign wealth, although it is a complete turnaround may require many years, analysts say.
The bank to continue playing turbulence. Last week shares sold the first success in its insurance department of straight, but in laterly of the day, it's 165 million pounds of agreement, sell 316 Spanish santander bank collapse.
Restart in the sales process, from a new buyer, possibly can only get the amount of half.
Royal bank of Scotland in London interbank interest rates Banks fraud scandal, and a possible violation of the United States to Iran's economic sanctions, the americans and British authorities is under investigation.




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