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Alliance News


NBNK Investments Remains On Lookout For Acquisitions

Thu, 8th May 2014 15:11


LONDON (Alliance News) - NBNK Investments PLC Thursday said that it remains on the lookout for potential acquisitions in the financial services sector, but has not identified any at this time.

The company also said Thursday that it realised a pretax profit gain of GBP136,000 in 2013, compared with a pretax loss of 3.7 million in 2012, when it booked a considerable amount in administrative expenses.

The company was established to try and launch a new UK retail and SME banking and savings operation.

NBNK Investments shares were down 9.4% at 29.00 pence Thursday afternoon.

By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty

Copyright 2014 Alliance News Limited. All Rights Reserved.

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