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NAB UK subsidiaries TOXIC LOANS

NAB Bank Staff, Yorkshire Bank Staff, Clydesdale Bank Staff – Please Read

NAB has transferred its Commercial Real Estate portfolio from Clydesdale and Yorkshire Banks to its own books. We have estimated that the portfolio consists of approximately 2,950 SMEs nationwide, with an average loan of £1,800,000 each, an aggregate loan total of £5.3 billion. Most of the portfolio consists of SMEs crippled by Tailored Business Loans who were told were simple fixed rate loans at the point of sale.
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