Moody's announcement on Clydesdale Bank

28/09/11

Please find attached an announcement by Moody's Investors Service.

In response, National Australia Bank (NAB) confirms the support to its United Kingdom business is unchanged.

National Australia Bank Group Chief Executive Officer Cameron Clyne said today: "Our primary focus in the United Kingdom has been, and remains, organic growth.

"There has been much speculation in the UK about potential mergers and acquisitions in the past 12 months and how our UK business may fit in with this, but in all cases, this has been driven by other parties who are considering divesting or acquiring.

"Our shareholders' interests require that NAB considers all potential options but NAB's focus on organic growth has not changed, nor has the nature of the Group's support for our UK business," he said.

Download Moody's Announcement on Clydesdale Bank (PDF, opens in new window)