The Royal Bank of Scotland Group plc (RBS) is to dispose of a further portfolio of loans to an entity affiliated with Cerberus Capital Management.

The disposal of this portfolio represents the final material transaction for RBS Capital Resolution (RCR) in Northern Ireland, following the disposal of a portfolio of Irish real estate loans announced in December 2014.

At completion, RBS will receive cash consideration of approximately £205m at current exchange rates. Completion is expected in June 2015. The disposal proceeds will be used for general corporate purposes.

This transaction forms part of the continued reduction of assets in RCR and is in line with the bank’s plan to strengthen its capital position and reduce higher risk exposures.

The disposal of the portfolio is expected to result in a loss of approximately £5m after costs associated with the transaction.