National Australia Bank

Economists at CBA, NAB call for Australia February rate hike

RBA Governor Michele Bullock has ruled out further policy easing last week after keeping rates steady

NAB employs more than 38,000 people globally, according to its 2024 annual report.

NAB to cut 410 support roles, shift some bank work to India

Australian lenders are slashing headcount as falling benchmark interest rates put pressure on margins

NAB posted cash earnings of A$1.77 billion (S$1.5 billion) for the quarter ended June 30, compared with A$1.75 billion a year ago.

National Australia Bank third-quarter cash earnings rise marginally

NATIONAL Australia Bank reported a slight increase in its cash earnings for the third-quarter on Monday, helped by improved margins and growth in business and home lending.

The penalty, which is the highest ever for alleged breaches of Consumer Data Right rules, was issued after the Australian Competition and Consumer Commission issued NAB four infringement notices.

NAB pays A$751,200 penalty on breaches of consumer data rights rules

AUSTRALIA’S competition watchdog said on Thursday that the National Australia Bank had paid a fine of A$751,200 (S$629,000) over alleged breaches of consumer data right rules due to failures to disclo...

National Australia Bank posted cash earnings of A$3.58 billion (S$3 billion) for the six months ended March 31, compared with A$3.55 billion a year ago and the Visible Alpha consensus estimate of A$3.48 billion.

National Australia Bank’s first-half cash earnings up 1% on lending volume growth

NATIONAL Australia Bank, the country’s biggest business lender, said on Wednesday its first-half cash earnings rose 1 per cent, helped by growth in lending volumes and lower impairment charges.

NAB shares fell as much as 8 per cent in early trading before settling down 7 per cent by mid-session on Wednesday, their biggest intraday decline in five years.

Borrowing strain hits NAB’s Q1 profit, shares dive

NATIONAL Australia Bank, the country’s biggest business lender, said on Wednesday that first-quarter profit slipped as competition for customers ate into margins and more borrowers fell behind on repa...

The Australian Securities and Investments Commission claims that NAB and its unit AFSH Nominees failed to meet the legal 21-day deadline for responding to 345 hardship applications over a five-year period from 2018 to 2023.

Australia regulator sues NAB for breach of financial hardship laws

AUSTRALIA’S corporate watchdog on Monday launched civil penalty proceedings against National Australia Bank, the country’s second-largest lender, for failing to respond to hundreds of financial hardsh...

Lending to enterprises has become a profitable endeavour for Australia’s biggest banks at a tough time for making money from home loans due to years of fierce competition.

NAB profit meets expectations amid business lending growth

NATIONAL Australia Bank’s (NAB) profit was in line with analyst expectations, supported by strength in its flagship business lending unit.

Sustained high costs of living have eroded households’ disposable incomes and ability to meet loan payments, resulting in rising arrears for banks.

Australia’s NAB posts lower cash earnings, flags decline in asset quality

NATIONAL Australia Bank (NAB) posted an 8 per cent drop in its third-quarter cash earnings on Friday (Aug 16), pressured by lower revenue and higher operating expenses, and flagged a further decline i...

Under the buyback programme, ongoing since August last year, NAB will now purchase shares worth a total of A$1.7 billion, which will reduce its common equity tier 1 ratio by about 40 basis points.

NAB’s cash profit falls 13%, to buy back A$1.5 billion of shares

NATIONAL Australia Bank on Thursday posted a drop of about 13 per cent in its first-half cash earnings as it grappled with high operating costs and cutthroat competition, but raised its ongoing share ...