CRP Credit Suisse Ag

By Tapan Panchal

LONDON--Royal Bank of Scotland Group PLC (RBS.LN) said on Tuesday it expects to receive around 205 million pounds ($317.24 million) in cash on disposal of further portfolio of Irish real-estate loans.

The banking and financial services company said it has signed an agreement to sell a further portfolio of loans to an entity affiliated with Cerberus Capital Management LP.

The sale is expected to result in a loss of GBP5 million after transaction costs. The loans generated a loss in the region of GBP16 million in 2014.

Completion of the sale is expected in June. The disposal proceeds will be used for general corporate purposes.

Write to Tapan Panchal at tapan.panchal@wsj.com

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