London, 19 February 2009: National Australia Bank Group, owner of the Clydesdale and Yorkshire Banks, today released a trading update for its UK Region’s* operations in the quarter to 31 December 2009.
Cameron Clyne, Group CEO, said:
“Our UK business remains well positioned to benefit from any improvement in operating conditions. We will continue to monitor market developments in the UK.”
Lynne Peacock, Chief Executive, added:
“While the signs of economic recovery are encouraging, our prudent strategic course remains unchanged and we are firmly focussed on growing our existing business.
“Playing a different game has served us well in keeping our business safe, strong and secure throughout the market dislocation. This is also true of our ongoing support for customers and we are firmly on track to deliver £10 billion of gross new lending to businesses and mortgage customers over the next couple of years.”
About the National Australia Bank Group
An international financial services organisation providing a comprehensive and integrated range of financial products and services, NAB is one of the world's top 30 financial services companies and serves 8 million banking and over 2.3 million wealth management customers.
* The UK Region consists of banking and wealth management activities in the UK operating under the Clydesdale Bank and Yorkshire Bank brands. It does not include NAB’s Wholesale Banking operations in the UK.
National Australia Bank Group results are available on www.nabgroup.com.