Bradford & Bingley to sell ￡250m loan book

摘要

Nationalised bank Bradford & Bingley has put a ￡250m commercial property loan book up for sale, in one of the first instances of a UK bank selling part of its loan book since the start of the downturn.B&B, which was nationalised in December 2008 because of fears about its liquidity, has appointed PricewaterhouseCoopers to sell the loan book.Sources close to the proceedings said the sale was at a very early stage, and formal marketing had not yet begun.The geographical or sector spread of the assets is not known. Neither is it known whether the loan book comprises performing or non-performing loans, but experts said it would probably be a mixture.