UK Asset Resolution (The Bad Bank = holding toxic assets)

UKAR is the HM Government company, that is effectively the bad bank loans of Northern Rock, Mortgage Express and the Bradford and Bingley.
The owner of UKAR is UK Financial Investments (UKFI) that manages the assets on behalf of HM Treasury.
It is UKFI, that also owns the 30% or so shareholding of Lloyds Banking Group and The 83% stake in The Royal Bank of Scotland.

Today UKAR has a large balance sheet.

Assets are £623,000 million = £62.3bn, so this is referring to the mortgages outstanding.
Total number of mortgages are 554,000, so this equates to an average mortgage size of about £112,000.

93%, are up to date with their mortgages payments. So these are not really bad loans at all.

£8.3 Billion has been repaid.

Note, that these mortgages are generating interest, to actually what is never reported by the mainstream media, is that HM Treasury are making money on these loans.

 

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