REFILE-Britain's 'bad bank' repays further 500 mln pounds to govt

October 29, 2015 7:44 AM

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Oct 29 (Reuters) - Britain's 'bad bank', which is running down the loans of two bailed out lenders, said it repaid 500 million pounds ($763 million) to the government in the six months ended September.

UK Asset Resolution Ltd (UKAR), a state-run 'zombie bank' that does not take on new business, said it had now returned 14.6 billion pounds, or 30 percent of the loan to the government. (

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