Secure Trust Bank sells portfolio of mortgage loans to Jacqali for £54.6 million

LONDON, UK: Secure Trust Bank PLC (STB) has agreed to sell a portfolio of mortgage loans to Jacqali Designated Activity Company, a financing vehicle established by a global financial institution, a news release said. This sale represents STB’s full exit from the residential mortgage market, which STB withdrew from in 2019. The consideration for the…