Yorkshire Bank owner says UK operations ‘on track’

YORKSHIRE Bank owner National Australia Group today said its UK operations remained "sound and resilient" and continued to support new lending.

NAB said Yorkshire Bank and Clydesdale Bank were on track to deliver their two-year pledge to advance £10bn of gross new lending to businesses and mortgage customers by October.

In a trading update for the quarter to the end of December NAB said its UK banking operation continued to be well positioned "although subdued demand for credit and low interest rates continue... 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...