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8 November 2016

UKAR Interim Results Announcement 2016

UKAR BALANCE SHEET REDUCES BY A FURTHER £6.4 BILLION UK Asset Resolution Limited (‘UKAR’) which incorporates Bradford & Bingley plc (‘B&B’) and NRAM Ltd (‘NRAM’) today issues its interim results for the six months ended 30 September 2016 (‘H1 2016/17’). UKAR’s mission is to maximise value for the taxpayer, whilst serving our customers well and […]

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26 July 2016

Board Changes (July 2016)

UK Asset Resolution Ltd (“UKAR”) announces that Richard Pym has today retired from the Boards of UKAR, Bradford & Bingley plc and NRAM Limited. As previously announced, Mr Pym stepped down as Chairman on 5 June on the successful transfer of the Company’s mortgage servicing operations to Computershare Mortgage Services Ltd but had agreed to […]

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18 July 2016

UKAR Update (July 2016)

UKAR today confirms the final stage of the sale of a £13bn asset portfolio to affiliates of Cerberus Capital Management LP has taken place. Legal title of the mortgages and loans included in the sale have been transferred and all customers affected by the transaction are being contacted by the relevant companies to update them […]

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6 June 2016

UK Asset Resolution confirms mortgage servicing transferred to Computershare

UKAR today confirms its mortgage servicing operations have been transferred to Computershare. As announced on 24 May, Ian Hares, Finance & Investment Director, becomes CEO of UKAR effective immediately and continues as Executive Director on the UKAR Board. Richard Banks becomes CEO of Computershare Mortgage Services Ltd and steps down as a director and CEO […]

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24 May 2016

UKAR Annual Report & Accounts 2016

UK ASSET RESOLUTION LIMITED RESULTS ANNOUNCEMENT UKAR BALANCE SHEET REDUCES BY A FURTHER £23 BILLION UK Asset Resolution Limited (‘UKAR’) today issues its results for the year ended 31 March 2016 (‘2015/16′). UKAR included Bradford & Bingley plc (‘B&B’) and NRAM plc (‘NRAM’) throughout 2015/16. UKAR’s mission is to maximise value for the taxpayer, whilst […]

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3 May 2016

UKAR Update (May 2016)

As announced on 13 November 2015 UK Asset Resolution limited (UKAR) agreed to sell a £13bn asset portfolio from the legacy book of NRAM (including £12bn of loans within the Granite securitisation vehicle, plus a further £1bn of non-Granite assets) to affiliates of Cerberus Capital Management LP (Cerberus). On 30 April 2016, assets and liabilities […]

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23 March 2016

Board Changes (March 2016)

The Boards of UK Asset Resolution Ltd and Bradford & Bingley plc are pleased to announce the appointment of Brendan McDonagh as a Non-Executive Director with effect from 4 April 2016. Mr McDonagh brings financial management and banking experience to the Board, having spent his career at HSBC and more latterly as Chairman of The […]

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