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National Australia Bank Limited (ASX:NAB) says it will sell an additional $2.3 billion (£1.2 billion) parcel of commercial real estate loans.The sale will be made from the bank’s troubled UK arm to an affiliate of Cerberus Global Investors.NAB expects a gain of about $242 million (£127 million) from the sale to be recognised in its first half results when the deal is tied up.CEO Andrew Thorburn has described the sale as an important step forward which brings closure to one of the bank’s legacy positions.National Australia Bank reported a net profit of $5.29 billion in the year to the end of September.
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Last
$44.09 |
Change
0.300(0.69%) |
Mkt cap ! $135.0B | |||
| Open | High | Low | Value | Volume |
| $43.89 | $44.24 | $43.64 | $179.4M | 4.075M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 700 | $44.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.14 | 3280 | 1 |
View Market Depth
| Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |