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Clydesdale and Yorkshire banks debts improve, NAB says

BBC Published May 6, 2010 Reviewed Jul 2, 2026 ✓ Reviewed by citations.press editors

National Australia Bank said bad‑debt write‑offs fell by 28% between October and March compared with the previous six months.

28 · bad‑debt write‑offs National Australia Bank, bank

The business operates 340 branches across the two brands.

340 · branches National Australia Bank, bank

Profits at NAB's UK operations rose by 11% to £264 million.

11 · profits264 £ · profits National Australia Bank, bank

NAB earned 2.1 billion Australian dollars in the six months to 31 March.

2.1 AU$ · earnings National Australia Bank, bank

Clydesdale and Yorkshire banks have about 2.7 million customers.

Clydesdale Bank (incorporating Yorkshire Bank) has 340 branches across the UK.

Overall, NAB's profits fell by 21%.

21 · overall profits National Australia Bank, bank

NAB employs more than 8,200 full‑time workers in the UK.

more than 8200 · full‑time workers National Australia Bank, bank

NAB has about 2.7 million UK customers through Clydesdale and Yorkshire banks.

about 2.7 million · UK customers National Australia Bank, bank

National Australia Bank (NAB) reported that the amount written off by Clydesdale and Yorkshire banks between October and March was down by 28% compared to the previous six months.

28 % · amount written off National Australia Bank

Profits at NAB's UK operations, which include Clydesdale and Yorkshire banks, rose by 11% to £264 million.

11 % · profits264000000 GBP · profits NAB

NAB made 2.1 billion Australian dollars (equivalent to $1.92 billion or £1.28 billion) in the six months to 31 March.

2100000000 AUD · profits1920000000 USD · profits1280000000 GBP · profits NAB

NAB has about 2.7 million UK customers through Clydesdale Bank, which incorporates the Yorkshire Bank brand.

about 2700000 · UK customers NAB

NAB's UK business has 340 branches across the Clydesdale and Yorkshire brands and employs more than 8,200 full-time workers in the UK.

340 · branchesmore than 8200 · full time workers NAB

The owner of the Clydesdale and Yorkshire banks has said the UK businesses have seen an fall in the amount of bad debts they faced.

National Australia Bank (NAB) said the amount the two had written off between October and March was down by 28% from the previous six months.

Profits at NAB's UK operations - which includes the two brands - rose by 11% to £264m, it added.

However, NAB said it would continue to take a cautious approach to UK trading.

Overall, NAB saw profits fall by 21% - partly because it had cut customer fees in Australia.

It made 2.1bn Australian dollars ($1.92bn; £1.28bn) in the six months to 31 March.

NAB's UK chief executive, Lynne Peacock, said: "While there are now consistent signs of economic recovery, our cautious approach will remain until longer term trends are evident.

"Our clear focus remains on maintaining our strong capital position and supporting customers."

NAB has about 2.7 million UK customers through Glasgow-based Clydesdale Bank, which incorporates the Yorkshire Bank brand.

The business has 340 branches across the two brands, employing more than 8,200 full time workers in the UK.

NAB is among several firms believed to be weighing up buying UK banking assets - including the "good bank" of Northern Rock, which the government plans to sell.

And after their government bail-outs, both Royal Bank of Scotland and Lloyds Banking Group have been told they must sell some branches to allow greater competition.

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