National Australia Bank Ltd. (NAB) Chief Executive Cameron Clyne said Wednesday that the bank is assessing its options in relation to the sale of Royal Bank of Scotland PLC (RBS) branches in the U.K.

Clyne also said he is "confident" that Australia's competition regulator will approve NAB's bid for AXA Asia Pacific Holdings Ltd. (AXA.AU).

"I don't think we know much about (the RBS branches) at this stage," he told reporters. "We know there are 380 branches but haven't seen much beyond public disclosure so we will continue to assess our options."

The first round of bids for the branches closed in the U.K. Tuesday.

People familiar with the situation have said that National Australia Bank, along with other parties including Virgin Money and Banco Santander SA (STD), were likely to bid for the branches.

-By Lyndal McFarland, Dow Jones Newswires; 61-3-9292-2093; lyndal.mcfarland@dowjones.com
AMP (ASX:AMP)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more AMP Charts.
AMP (ASX:AMP)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more AMP Charts.