RPT-UK banks have $5 bln exposure to Dubai World-FT

LONDON Dec 3 (Reuters) - UK banks have a $5 billion total exposure to Dubai World, making them the biggest foreign creditor group at the Dubai state-owned conglomerate, the Financial Times reported on Thursday citing bankers and their advisers.

The report said the Royal Bank of Scotland (RBS.L) was the most exposed with between $1 billion and $2 billion. Other UK banks including HSBC (HSBA.L), Standard Chartered (STAN.L) and Lloyds (LLOY.L) are exposed by around $1 billion each, according to the report.

On Monday, Dubai World unveiled a $26 billion debt restructuring plan. [ID:nGEE5B000Z]

The FT reported that as a result of the restructuring plan RBS's exposure would be about $700 million and Standard Chartered's exposure would be about $350 million.

Reuters reported on Wednesday that Dubai World's creditors had formed a committee comprising six banks, including the four UK banks, which is due to meet next week. [ID:nGEE5B011z]

A press officer for RBS was not immediately able to comment on the report. The other banks were not immediately available for comment. (Reporting by William James) ((william.james@thomsonreuters.com; +44 207 542 9785)