Press Releases


October 2014

20th October 2014

Updated Framework Agreement and Investment Mandate published
UKFI has today published an updated Framework Agreement and Investment Mandate. download [28,6 KB]

14th October 2014

UKAR sells mortgage portfolio for £2.7bn
UK Financial Investments Limited (“UKFI”) today announces that following a competitive sales process, UK Asset Resolution (“UKAR”) has agreed to sell a portfolio of mortgages for a price of approximately £2.7bn. This sale forms part of UKAR’s activity to reduce the size of the closed mortgage books of B&B and NRAM in a way that delivers value for taxpayers. download [218,7 KB]

July 2014

25th July 2014

Sale of Tier 1 Notes to Virgin Money
UK Financial Investments Limited (UKFI), acting on behalf of HM Treasury, today announces the sale of its holding of Tier 1 notes issued by Virgin Money download [72,4 KB]

June 2014

25th June 2014

Statement re: Royal Bank of Scotland Annual General Meeting and general meetings
UKFI has lodged votes in favour of all resolutions on which UKFI was eligible to vote at the bank’s Annual General Meeting and general meetings on 25 June. download [15,4 KB]

23rd June 2014

UKFI announces new non-executive Directors
UKFI today announces the appointment of three new non-executive Directors, completing the process to refresh its Board of Directors. download [80,3 KB]

19th June 2014

UKAR has commenced the potential sale of a portfolio of mortgages.
This action forms part of UKAR’s ongoing process to facilitate the orderly wind-down of the closed mortgage books of both Bradford & Bingley and NRAM to maximise value for the taxpayer. download [15,1 KB]

17th June 2014

UKFI Publishes Annual Report and Accounts
UK Financial Investments Limited (UKFI) published its Annual Report and Accounts yesterday for the year ending 31 March 2014.
 
The publication provides an overview of UKFI's activities during the 2013/14 financial year in managing the taxpayer's shareholdings in Lloyds Banking Group plc, the Royal Bank of Scotland Group plc and UK Asset Resolution Ltd. download [68,3 KB]

May 2014

16th May 2014

Statement re: Lloyds Annual General Meeting
UKFI has lodged votes in favour of all resolutions on which UKFI was eligible to vote at the bank’s Annual General Meeting on 15 May. download [15,2 KB]

March 2014

26th March 2014

UKFI today announces the disposal of approximately 7.78% of Lloyds Banking Group plc
Further to its announcement on 25 March 2014, UKFI announces the successful completion of the disposal of part of HM Treasury’s shareholding in Lloyds Banking Group plc (the “Company”). The disposal was effected by way of a Placing (the “Placing”) of shares (the “Placing Shares”) by way of an accelerated bookbuilding process to institutional investors. download [129,6 KB]

25th March 2014

UKFI announces its intention to dispose of approximately 7.5% of Lloyds Banking Group plc
UKFI announces its intention to sell a further part of HM Treasury’s shareholding in Lloyds Banking Group plc (the “Company”). The disposal of these shares (the “Placing Shares”) will be by way of a placing to institutional investors (the “Placing”). download [26,2 KB]

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PRESS RELEASE
14th October 2014

UKAR sells mortgage portfolio for £2.7bn
UK Financial Investments Limited (“UKFI”) today announces that following a competitive sales process, UK Asset Resolution (“UKAR”) has agreed to sell a portfolio of mortgages for a price of approximately £2.7bn. This sale forms part of UKAR’s activity to reduce the size of the closed mortgage books of B&B and NRAM in a way that delivers value for taxpayers. download [218,7 KB]


PRESS RELEASE
25th July 2014

Sale of Tier 1 Notes to Virgin Money
UK Financial Investments Limited (UKFI), acting on behalf of HM Treasury, today announces the sale of its holding of Tier 1 notes issued by Virgin Money download [72,4 KB]