LONDON, Aug 3 (Reuters) - RBS CEO Stephen Hester says:
* CEO says on
track to become a 'normal bank' within 5-year strategic
* CEO says there will be privitisation opportunites when economic recovery
* Rpt - RBS CEO says UK could choose a cheaper way to boost lending to small
businesses than by fully owning RBS
* Rpt - RBS CEO says offering lowest interest ever offered as a response to
funding for lending
* Says IPO offers best value for direct line relative to trade buyer
* Rbs finance director sees direct line IPO as a 3-tranche sale, with one in
October, one in 2013 and one in 2014
* CEO says has ability to wait on direct line IPO if market conditions are not
* CEO says has commissioned independent review on it systems failure
((London Equities Newsroom; +44 20 7542 7717))
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