May 21, 2019 / 8:19 AM / a month ago

REFILE-BRIEF-Tesco Bank To Cease New Mortgage Lending And Explore Sale Of Mortgage Portfolio

(Fixes company name in headline)

May 21 (Reuters) - Tesco Personal Finance:

* TESCO PERSONAL FIN TESCO PLC - TPF PLC-NEW MORTGAGE LENDING / MORTGAGE PORTFOLIO

* TESCO PERSONAL FINANCE - TESCO PERSONAL FINANCE PLC TO CEASE NEW MORTGAGE LENDING AND EXPLORE SALE OF MORTGAGE PORTFOLIO

* TESCO PERSONAL FINANCE - EXPLORING COMPLETE TRANSFER OF RELATED BALANCES AND ONGOING ADMINISTRATION OF RELEVANT ACCOUNTS

* TESCO PERSONAL FINANCE - TESCO BANK CURRENTLY SERVES OVER 23,000 CUSTOMERS WITH TOTAL LENDING BALANCES OF £3.7BN

* TESCO PERSONAL FINANCE - HAVE MADE STRATEGIC DECISION TO FOCUS ON SERVING A BROADER RANGE OF CUSTOMERS IN MORE SPECIFIC AREAS

* TESCO PERSONAL FINANCE - PRIORITY IN ANY SALE, IS TO COMPLETE A COMMERCIALLY ACCEPTABLE TRANSACTION Source text for Eikon: Further company coverage:

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