NAB Reviews UK Business

National Australia Bank has announced a strategic review of its UK businesses with some form of announcement scheduled for May.

The key area of focus will be the underperforming Yorkshire and Clydesdale Banks which have disappointed. The commercial property loan portfolio will also command attention.

The sale of these entities remains a possibility with NBNK seen as a possible buyer. That said, NAB has stressed that it is looking and the business mix with a view to increasing returns.