Property is the biggest threat to Royal Bank of Scotland profits
Language: English Series: Property Week ; 77(29) 22 July 2011, 18(1) Publication details: 2011Subject(s): Online resources: Summary: The latest Asset Protection Agency's (APA) annual report identifies stresses in commercial property loans and the refinancing risks of maturing loans as the biggest possible cause of future losses. Only Royal Bank of Scotland entered the APA's Protection Scheme launched in January 2009 to insure UK banks from excessive losses on toxic assets, putting up £39bn of property loans to be insured. The total amount of loans covered by the APA scheme has fallen from £39bn to £27bn.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L153588 (Browse shelf(Opens below)) | 1 | Available | 153588-1001 |
The latest Asset Protection Agency's (APA) annual report identifies stresses in commercial property loans and the refinancing risks of maturing loans as the biggest possible cause of future losses. Only Royal Bank of Scotland entered the APA's Protection Scheme launched in January 2009 to insure UK banks from excessive losses on toxic assets, putting up £39bn of property loans to be insured. The total amount of loans covered by the APA scheme has fallen from £39bn to £27bn.