National Australia Bank targets UK RMBS in expansion drive

Owen Sanderson

November 22, 2018 02:15 PM

nabpx230 — A National Australia Bank logo is displayed in bright sun while adjacent building sit in shade in Sydney, Australia, Thursday, May 10, 2012. National Australia Bank, one of the country's largest lenders, reported a 15.5 percent drop in first-half net profits on Thursday, hurt by the poor performance of its U.K. operations. (AP Photo/Rick Rycroft) | Rick Rycroft/AP/Press Association Images

National Australia Bank is planning a further expansion in UK RMBS, using its balance sheet strength to muscle into the burgeoning specialist finance market. The bank is hiring for the team, and plans to build a lasting presence.

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Owen Sanderson