• Text size      
  • Send this article to a friend
  • Print this article

NAB to close Clydesdale loan accounts

National Australia Bank will close the accounts of all Clydesdale Bank commercial property borrowers whose loans have been transferred to NAB, the bank has confirmed.

The Herald reported last week that customers with flawless payment records were being told their loans must be repaid immediately on maturity, with one borrower told his £1.8 million facility must be repaid in full the day after his fixed-term agreements expire.

Contextual targeting label: 
Finance

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules, which are available here.

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.