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NAB to beef-up UK presence

by Staff Reporter6 minute read

NAB’s British acquisition strategy may step up a gear as possible sales opportunities start to appear.

According to a report in today’s The Australian Financial Review, the bank’s chief executive Cameron Clyne said that the lender had to decide whether to “expand or get out” of the British banking market as asset sales by other banks loomed.

Mr Clyne said that the bank was watching the sales processes of some of Britain’s troubled lenders, which might offer acquisition opportunities for NAB by way of full businesses or parcels of branches up for grabs.

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