RBS IS reported to have received bids for its Greek shipping finance business which is worth about $3 billion as it looks to scale down on non-core activities.

Reuters reported that a source said Credit Suisse and China Merchants were among the suitors.

"RBS has held preliminary discussions with a number of interested parties," one source told Reuters.

In July 2015, Reuters reported RBS was winding down its Greek operation and putting its shipping loans portfolio up for sale.