News and information for the media and our stakeholders
Board Appointment
01 Jul 2011
View the full press release [PDF size 74KB].
UK Asset Resolution Ltd (“UKAR”) announces the appointment of Phillip McLelland, Finance Director, to the Boards of UKAR, Bradford & Bingley plc and Northern Rock (Asset Management) plc with effect from 1 July 2011. Mr McLelland has been Finance Director of UKAR since establishment in October 2010, prior to which he was Financial Director at Bradford & Bingley plc.
ENDS
NOTES TO EDITORS
UKAR is the holding company established on 1 October 2010 to bring together Bradford & Bingley plc (“B&B”) and Northern Rock (Asset Management) plc (“NRAM”). Although managed under a single board and management structure, B&B and NRAM remain separate legal entities and continue to be operated as individual companies with their own individual brands and balance sheets, supporting almost 850,000 customers. UKAR is 100% owned by the UK Government.
Websites:
www.ukar.co.uk
www.bbg.co.uk
www.nram.co.uk
Most computers will open PDF documents automatically, but you may need to download Adobe Reader.
Press releases
UK Asset Resolution welcomes FCA focus on Interest Only mortgages
02 May 2013
UK Asset Resolution (UKAR) welcomes the recommendations from the Financial Conduct Authority (FCA) to focus on consumers’ ability to repay their interest only mortgages when they mature.
[Read More]
UKAR Annual Report & Accounts 2012
28 Mar 2013
UK Asset Resolution Limited (“UKAR”) which incorporates Bradford & Bingley plc (“B&B”) and Northern Rock (Asset Management) plc (“NRAM”) today issues its Annual Report & Accounts for the year ended 31 December 2012.
[Read More]
UKAR Preliminary Results Announcement 2012
25 Mar 2013
UK Asset Resolution Limited ('UKAR') which incorporates Bradford & Bingley plc ('B&B') and Northern Rock (Asset Management) plc ('NRAM') today issues its full year results for the year ended 31 December 2012.
[Read More]
UKAR response to Ministerial statement regarding NRAM
11 Dec 2012
We note the Ministerial statement made today by the Economic Secretary to the Treasury regarding customers of Northern Rock (Asset Management) plc (NRAM) who have loan accounts which are regulated under the Consumer Credit Act (CCA).
[Read More]
UKAR Half Year Results Announcement 2012
27 Jul 2012
UKAR has today published its half year results for the six months ended 30 June 2012
[Read More]
UK Asset Resolution agrees to sell portfolio of NRAM mortgages to Virgin Money
23 Jul 2012
UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and Northern Rock (Asset Management) plc (NRAM) has agreed to sell £465m of NRAM mortgages to Virgin Money at price of par.
[Read More]