References in periodicals archive ?
The sale of NRAM (formerly part of Northern Rock) mortgages and unsecured loans was approved following a highly competitive auction.
The proceeds from this sale will be used to fully repay the loans provided by the Treasury to NRAM and Bradford & Bingley plc (B&B) during the financial crisis and reduce public debt.
This sale simplifies the book of assets held by UK Asset Resolution (UKAR), the holding company for NRAM and B&B, bringing the government closer to the final disposal of NRAM and B&B, as announced at Autumn Budget 2018.