Ann: ASSET: BNZ: NAB sells UK 1.2 billion of CRE portfolio

• Release Date: 16/12/14 11:34
• Summary: ASSET: BNZ: NAB sells UK 1.2 billion of CRE portfolio
• Price Sensitive: No
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					BNZ
16/12/2014 11:34
ASSET
PRICE SENSITIVE
REL: 1134 HRS Bank of New Zealand

ASSET: BNZ: NAB sells UK 1.2 billion of CRE portfolio

Please see the attached announcement from NAB advising it is to sell an
additional 1.2 billion GBP parcel of higher risk loans from its UK commercial
real estate portfolio to an affiliate of Cerberus Global Investors.
End CA:00258968 For:BNZ    Type:ASSET      Time:2014-12-16 11:34:02