government stake

According to the reports by the German newspaper Welt am Sonntag the chief executive of Royal Bank of Scotland said that the ban aims to put the conditions in place for the British government to start selling its 83 percent stake in the bank next year. While the sale "won't be conducted in one go," it still should be started, believes Chief Executive Stephen Hester.

"But I would be disappointed if there would not be the first steps toward privatization next year," he added.