economy To faster change

National Australia Bank's potential exit from Britain through the sale of its UK operations is not imminent, The Australian Financial Review reported on Thursday citing sources close to the bank.
The paper said a source close to National Australia Bank denied any agreement with NBNK was imminent.
The source said Australia's biggest bank had held exploratory talks with NBNK and others but discussions had not progressed beyond it.
"Nothing has changed apart from these reports in the UK media and NBNK being forced to suspend their shares because of them," the paper cited a source as saying. It said the source added NAB remained comfortable holding the UK assets.
National Australia Bank owns 330 branches in the United Kingdom under the Yorkshire and Clydesdale brands with analysts estimating a book value of 2.8 billion pounds ($4.46 billion) for the assets.
A NAB spokeswoman declined to comment beyond what the bank had said earlier on the media reports.
NAB on Tuesday said the bank's priority was to grow the business organically but in the current climate it was natural for the bank to look at other options available