Lender pays a further £6.3bn back to government

The company behind Bradford and Bingley and Northern Rock Asset Management (NRAM) has paid back £6.3bn in government loan repayments in the last six months. UK Asset Resolution (UKAR) which incorporates Bradford & Bingley and NRAM has issued its interim results for the six months ended 30 September 2018. Government loan repayments of £6.3bn, including the remaining £4.7bn of the Financial Services Compensation Scheme debt was paid, bringing total repayments to £44.7bn since UKAR was formed. It said that 92% of the govern... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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