LONDON (Reuters UK) - Failed bank Bradford & Bingley has no immediate plan to sell its better performing loans to repay government debt but will consider doing so once market conditions improve, a spokesman said on Monday.
"It's not something we are actively doing at the moment," he said.
"When economic conditions improve we will look at selling portions of the loan book off but market conditions aren't there at the moment."
The Times earlier said that B&B planned to divide its balance sheet into "good" and "bad" assets, and sell the more attractive ones to pay back financial support it received from the taxpayer.
B&B, hit by a sharp rise in funding costs during the credit crunch, was broken up in September last year, with the government taking over its loan book and Spain's Banco Santander (SAN) buying its savings business and branch network.
B&B had specialised in risky self-certified mortgages, banned earlier this month by the Financial Services Authority, and was also a leading lender to buy-to-let property investors.
(Reporting by Myles Neligan; Editing by Greg Mahlich)
