The Royal Bank of Scotland, part-owned by the UK government, reduced its commercial property loan portfolio by 17% to £52.6 bn (€64 bn) at year-end 2013, from £63 bn a year earlier.

The Royal Bank of Scotland, part-owned by the UK government, reduced its commercial property loan portfolio by 17% to £52.6 bn (€64 bn) at year-end 2013, from £63 bn a year earlier.

Non-core assets represented £19.3 bn of the total portfolio, or around 37%, versus £26.4 bn at the end of 2012.

Non-performing loans account for £21.75 bn of the total £52.6 bn loan portfolio.

The current total commercial real estate book is made up of £16.7 bn of loans held against residential property, £7 bn against offices, £9.6 bn against retail, £3.6 bn against industrial and £15.7 bn against mixed-use and other properties.