RBS' chairman says could see govt stake sale before 2015

LONDON Wed Oct 17, 2012 11:31am EDT

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LONDON Oct 17 (Reuters) - Royal Bank of Scotland chairman Philip Hampton said on Wednesday the bank will complete its restructuring by the end of 2013, paving the way for possible sale of the government's 82 percent stake before the next general election in 2015.

"Obviously, it's up to the government to decide when to sell the shares," Hampton told the British Bankers' Association annual conference.

"I think it's a reasonable aspiration, and it's consistent with what we are trying to do with our restructuring, to start selling the shares before the next election," Hampton said.

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