RBS has agreed an stg£85 (€95) million deal to sell part of its fund management business.

The bailed-out lender, which has been forced by EU regulators to off-load some of its operations, is selling the assets to Aberdeen Asset Management.

The move comes a day after it was revealed RBS has received three bids worth stg£2.5 billion (€2.7) for its commodities arm.

Bank of Scotland (Ireland), which also incorporates Halifax, has branches in 23 counties around the country.