Stephen Hester, Chief Executive, Royal Bank of Scotland says that the Government could approve selling part of Royal Bank of Scotland early next year, as the bank moves to complete the revamp of its business.

Hester revealed in an interview that he would be thwarted, if in 2011, ministers did not initiate the practice of selling down the Government's 83% stake in RBS that it attained as part of a wider bank salvage plan.

He added that the sale would not be performed in one go. Though RBS was still tending its abrasions, after it was trapped in the fiscal emergency, but it thumped outlooks with its homecoming to profit in the first three months of the year.

It is invalidating a decade-long worldwide extension drive and has hoisted more than $2.5bn by egression or by selling additional 20 businesses, in the last 14 months.

Up from 12.1p at the beginning of last year, its share price stopped at 40p last week.

Leaving all sectors, such as global retail banking, in which it cannot launch itself among the market leaders, Hester said that it was also selling some of the parts of Dutch Bank ABN Amro, it had acquired in 2007, as the invasion was evidently a big blunder.

Hester said that pioneering stricter set of laws for loans in the stir of the downturn was the right thing to do, but it meant that lesser firms would get loans and that outlay for borrowers would rise. "That's the price for a stable economy”, he added.