You are here

Australia's NAB sells £625m of property bad loans in UK

[SYDNEY] National Australia Bank Ltd, the nation's biggest lender by assets, agreed to sell a £625 million (S$1.3 billion) parcel of mostly non-performing commercial property loans in the UK to an affiliate of Cerberus Global Investors.The sale will result in a small gain above the loans' net

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom