Britain's "bad bank", running two bailout loan lender said on Tuesday that the first six months in 2013 repay 19 billion pounds ($ 29 billion) government.
UK Asset Resolution (UKAR), the state of the "zombie banks" and does not take a new business that has now returned to 6.6 billions of pounds the government. It was created in October 2010, when it was owed ??48.7 one billion pounds.
UKAR, the seventh largest UK mortgage lender Northern Rock and Bradford & Bingley, the nationalized British customer-owned building societies in the run to the 2008 financial crisis, two winding down of the loan.
Chief Executive Richard Banks said he still expects repayment process, the need for decades, but UKAR will continue to regularly repay the Treasury and taxpayers should get all the money back.
The Government is set to 400 million pounds from UKAR receive a windfall after the bank announced last month that it had agreed to sell a portfolio of loans before the Northern Rock bank U.S. private equity firm JC Flowers and debt recovery operations Marlin finance.
Will appear in the annual results of UKAR influence sales.
Bank says there is no other sales on the horizon, but UKAR "actively seeking trade all the time," there are buyers in the market for such transactions.
"But the most important thing is that we do not intend to give them away, we do not intend to sell them cheap," the bank added.
UKAR first half pre-tax profits increased by nearly 10 percent, from last year's 481.4 million pounds to 528.8 million pounds in 2013, the number of their account arrears fell.
Mortgage arrears accounted for three months or more, including property, since inception in 2013 fell 17% to 21,332.
Bank says this is part of the decline to a modest economic recovery in the UK to help to improve the value of pledged assets, but said the family financial situation is still under pressure.
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