Royal Bank of Scotland will continue to lend in the Middle East, albeit in reduced volumes, as the embattled bank seeks to rebuild profits and maintain relationships with rich Gulf governments, a senior RBS banker said on Wednesday.
RBS is under pressure to step up lending in its home UK market, after taking the latest element of a government bail-out last month in the form of a capital injection of to £25.5bn.
But Declan McGrath, managing director and head of credit markets at RBS in the Middle East, said on Wednesday: "The Middle East [is] a core region and we will continue to lend here.
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