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Showing 1 - 5 of 5 results for "UK Commercial Real Estate"

Drummond resignation prompts NAB leadership changes

MARK SMITH  |  MONDAY, 22 FEB 2016
... Drummond. Over the last two and half years Drummond led NAB's exit of Great Western Bank, the sale of the UK Commercial Real Estate and SGA portfolios, the 80% sale of the life insurance business, the demerger and IPO of CYBG and the largest capital ...

NAB sells $1bn worth of UK property loans

JAMES FERNYHOUGH  |  TUESDAY, 29 JUL 2014
... commercial property loans to Cerberus Global Investors. NAB said the sale was intended to de-risk its UK Commercial Real Estate (CRE) portfolio, reducing the gross loans balance by 20% to A£2.38 billion. It said the sale of the loans, which are either ...

NAB reports $1.4 billion net profits

JAMES FERNYHOUGH  |  MONDAY, 24 FEB 2014
... said: "Particularly pleasing was the further improvement in the performance of UK Banking and the NAB UK Commercial Real Estate (CRE) run-off portfolio. Both continue to benefit from the restructure we undertook in 2012 and the recovery of the UK economy." ...

NAB Wealth flat as bank's profit rises 2%

MARK SMITH  |  TUESDAY, 20 AUG 2013
... been pleasing, with efficiency benefits ahead of plan. We have also achieved further run-off in the UK Commercial Real Estate portfolio with the current balance of A£4.4bn down A£1.2bn since its transfer to National Australia Bank Limited in October ...

Triple bypass needed to resurrect NAB's UK business

MARK SMITH  |  THURSDAY, 1 NOV 2012
... review represents good management and is the only way to stop the hemorrhage. NAB is transferring its UK commercial real estate portfolio to its Australian business after it was identified as the main driver of increased charges related to bad debt. ...
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