Govt could offload RBS stake in 2011 - report

The UK Government may be able to offload its stake in RBS by as early as next year.

RBS chief executive officer Stephen Hester believes the bank's share price could surpass 50p next year, higher than the level the UK Government purchased the shares in the bank, according to the Sunday Telegraph. However, RBS' expectations are differ from UK Financial Investments, which anticipates it could hold onto the stakes in both RBS and Lloyds for another five years. RBS shares are up 26.6% year-to-date, to 36.99p.