The logo of RBS (Royal Bank of Scotland) bank is seen reflected in the windows of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville
LONDON (Reuters) - State-backed British bank Royal Bank of Scotland (RBS.L) is to consult with shareholders on plans for a buyback of its shares owned by the Government, using excess capital to accelerate its return to private ownership.
The lender told investors it would hold a general meeting on February 6.
RBS is 62.3 percent owned by British taxpayers, following its 45 billion pounds ($58.13 billion) bailout during the financial crisis.
Reporting by Iain Withers, Editing by Sinead Cruise
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