Royal Bank of Scotland is planning to place the majority of its Asian corporate banking up for sale as it reverses the expansion of its pre-crisis heyday.

The taxpayer-owned bank's chief executive Ross McEwan has actually held a series of conferences in Singapore to think about ways to scale back RBS's Asian business, it was stated.

In plain contrast to previous chief Fred Goodwin, which wished RBS to be the largest Bank in the worldwide, Mr McEwan is focusing the bank on the UK, shutting businesses & reducing jobs in several of RBS's international markets.

After 6 consecutive years of yearly losses, the bank is because of report a profit for 2014, enhancing the chances of the Government selling its risk at a profit.

The bank, 79pc had by the taxpayer, is still well below the share cost needed for the Treasury to make a return on its £45bn bail-out of the bank in 2008.

In comparison, the Federal government will certainly have recovered around half of the money it invested releasing Lloyds Banking Group by this summer.

Around 2,000 staff members in the bank's Asia-Pacific business might be impacted by RBS selling its corporate bank in the area. Baseding on Bloomberg, it would be most likely to keep some corporate banking procedures in Singapore.

Mr McEwan, which took over from Stephen Hester in 2013, is trying to clean up RBS's photo as well as turn it into an easier organisation that focuses a lot more on increasing loaning in its house market.

The bank has actually just recently closed its trading company in Tokyo & the international division of Coutts, RBS's personal bank, is presently being sold.

In September, the firm floated component of Citizens Financial, its US retail bank, and also it needs to deal with the rest of it by the end of following year.

Royal Bank of Scotland did not comment.