The Royal Bank of Scotland is considering selling parts of its £10m (€11.2m) to £15m art collection when the art market improves, as pressure mounts on state-owned banks to dispose of non-core assets.

The collection of the bank, which is majority-owned bank by the UK Government, comprises works by artists LS Lowry, Anne Redpath, Jack Vettriano, Patrick Caulfield and Peter Howson. The bank is planning to loan some works to public galleries next year.