Press Releases

December 2012

11th December 2012

UKFI statement on Northern Rock (Asset Management) plc Consumer Credit Act issue
UKFI notes the Statement by the Economic Secretary to the Treasury made this morning in relation to customers of Northern Rock (Asset Management) plc who have loan accounts which are regulated under the Consumer Credit Act (CCA). download

October 2012

29th October 2012

UKFI announces office move
UKFI plans to move from our current offices in Cockspur Street to HM Revenue & Customs’ offices in 100 Parliament Street by the end of November. download

July 2012

23rd July 2012

UKFI announces taxpayer to receive further £538 million
UKFI today confirms that the taxpayer is to receive a further £538 million comprising an additional £73 million cash consideration from the sale of Northern Rock plc to Virgin Money Holdings (UK) Limited (“Virgin Money”), and separately, £465 million from the sale of a pool of Northern Rock (Asset Management) plc mortgages to Virgin Money. download

3rd July 2012

Statement re: UKFI publishes Annual Report and Accounts
UK Financial Investments Limited (UKFI) has published its annual report and accounts for the year ending 31 March 2012. download

May 2012

30th May 2012

Statement re: RBS Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 30 May. download

17th May 2012

Statement re: Lloyds Annual General Meeting
UKFI has lodged votes in favour of all resolutions at the bank’s Annual General Meeting on 17 May. download

February 2012

28th February 2012

UKFI report on sale of Northern Rock
UKFI has today published a document that sets out the background to and the rationale for the decision to return Northern Rock plc to the private sector through its sale to Virgin Money Holdings (UK) Limited. download

24th February 2012

UKFI statement on RBS and Lloyds
Following the release of RBS and Lloyds 2011 annual results, UKFI has released the attached statement. download

January 2012

11th January 2012

UKFI Management Changes
UKFI today announces that Sir David Cooksey is retiring as Chairman. Robin Budenberg will become Chairman in his place and Jim O'Neil (currently responsible for UKFI's investments in Lloyds and RBS) will become Chief Executive. download

1st January 2012

UKFI confirms completion of Northern Rock sale to Virgin Money
UK Financial Investments Ltd (UKFI) today confirms the completion of the sale of 100% of the share capital of Northern Rock plc (Northern Rock) by HM Treasury to Virgin Money Holdings (UK) Limited (Virgin Money) download

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31st March 2017

UKAR announces £11.8 billion sale of Bradford & Bingley assets
UK Financial Investments Limited (UKFI), today confirms that following an open and competitive sales process, UK Asset Resolution Limited (UKAR), the holding company for the government owned businesses of Bradford & Bingley plc (B&B) and NRAM Limited (NRAM), has agreed to sell two separate asset portfolios of performing buy-to-let loans from B&B to Prudential plc and to funds managed by Blackstone for £11.8 billion

7th October 2016

Intention to sell shares in Lloyds Banking Group plc through a trading plan
UKFI today announces that it intends to continue to sell Her Majesty’s Treasury’s (“HMT”) shareholding in Lloyds Banking Group plc (the “Company”) over the next twelve months through a pre-arranged trading plan that will be managed by Morgan Stanley & Co. International plc (“Morgan Stanley”).