The Royal Bank of Scotland Group has agreed to sell RBS Factor to GE Capital.

The Royal Bank of Scotland Group has agreed to sell RBS Factor to GE Capital.

RBS Factor is RBS’ factoring business in France and at the close of 2009 had gross assets of approximately €606 million (£513.2 million). The deal is expected to be completed in the third quarter of 2010, subject to regulatory approval.

GE Capital also bought RBS’ German factoring business earlier this year, completing RBS’ planned disposal of all of its factoring businesses in continental Europe.

RBS is still looking to dispose of other non-core assets.