National Australia Bank Net Worth is$56.3 B
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Company Name: National Australia Bank Limited

Company Type: Public limited company

Traded As: NAB

Company Slogan: ''more give, less take''

Foundation: 1893

Location: 800 Bourke Street, Melbourne, Docklands, Victoria, Australia

Area Served: Australia, New Zealand, UK, USA, Asia

Key People: Michael Chaney, (Chairman), Cameron Clyne, (Chief executive officer)

Revenue: net income

Assets: {{increase}} A$754 billion (2011)

Num Employees: 43,399 (2011)

Industry: Banking, Financial services

Products: Commercial bank, Insurance

Homepage: [http://www.nab.com.au/ National Australia Bank], [http://www.ubank.com.au/ UBank]

National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation. It operates across 10 countries serving 8.3 million consumer and business banking customers and over 2.3 million wealth management customers.
NAB operates 1,808 branches and service centres and 4656 ATMs globally. NAB has a "AA-" long term issuer rating by Standard & Poor's.
The National Australia Bank Group is organised into nine divisions, spread across four geographic regions.
Sourced from NAB financial results:
While NAB operates in several jurisdictions globally, it earns the bulk of its revenue from its Australian operations. The bank owns two retail/commercial banks in the UK, Yorkshire and Clydesdale. In NZ it operates BNZ and in the US it owns a small agribusiness focussed bank called Great Western. The Business Banking and Wholesale divisions of NAB have offices in London, New York, Hong Kong, Singapore, Tokyo and Shanghai. These are aimed at servicing the needs of corporate and institutional customers, which include market risk management (e.g. foreign exchange or interest rate hedging), trade finance and bond issuance.
Revenue by geography in 2010 is summarised in the table below.
The group uses multiple brands to market its various products in different geographies and to different segments:
In 1893, National Bank Limited was formed. Up until 1 October 1981 it continued to trade as The National Bank of Australasia Limited, only after the merger with the Commercial Banking Company of Sydney Limited did it become known as National Australia Bank.
In 1858 Alexander Gibb, a Melbourne gentleman, enlisted Andrew Cruickshank, a local merchant and pastoralist, to raise the capital to establish National Bank of Australasia with headquarters in Melbourne. Cruickshank became its first chairman whil

National Australia Bank Latest News

Mortage rate increases lift National Australia Bank’s profit to $1.7 billion

NATIONAL Australia Bank’s mortgage rate hikes have helped the lender lift third-quarter cash profit by 5 per cent to $1.7 billion. NAB yesterday said revenue for the three months to June rose 2 per cent, helped by a higher net interest margin resulting ...
Posted: August 11, 2017, 5:38 am

National Australia Bank 3rd-qtr cash profit climbs 5 pct

SYDNEY, Aug 11 (Reuters) - National Australia Bank on Friday said its third-quarter cash profit rose 5 percent, helped by growth in its lending arm as well as a fall in bad debt expenses. NAB's unaudited cash profit was A$1.7 billion ($1.34 billion) in the ...
Posted: August 10, 2017, 3:46 am

National Australia Bank : Bedford Group and NAB team up to pack showbags

South Australians living with a disability are working to put smiles on the faces of children at this year's Royal Adelaide Show. This month, Bedford Group employees will finish packing more than 250,000 show bags. They will be assisted by nearly 200 NAB ...
Posted: August 14, 2017, 9:07 pm

NextDC receives AU$30mn from Australia National Bank

National Australia Bank has invested in Australian data centre provider NextDC with debt financing funds amounting to an estimated AU$300 million (approx. £182 million). According to the organisation, the three-year capital investment will allow the ...
Posted: August 13, 2017, 10:43 pm

National Australia Bank Q3 Cash Earnings Up 5%

Australian lender National Australia Bank Ltd.(NAUBF.PK,NABZY.PK, NAB.AX) reported that its cash earnings for the third-quarter were A$1.7 billion, up 2% versus March 2017 Half Year quarterly average and 5% versus prior corresponding period. Cash earnings ...
Posted: August 10, 2017, 6:32 pm
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