There is speculation National Australia Bank Ltd. (ASX:NAB) won’t be able to completely exit its underperforming British operations.
According to the Australian, analysts are sceptical due to deteriorating conditions and are tipping a downsize or partial sale of assets.
Just this week the bank increased home loan interest rates for its UK subsidiary, Clydesdale and Yorkshire Banks – the first time in three years.
NAB posted a net profit of $5.2 billion in the 2011 financial year.
