National Australia Bank Limited
News and overview for National Australia Bank Limited
Research and Markets: This Latest Q4 2009 Australia Commercial Banking Report Provides Independent Forecasts and Competitive Intelligence on the Industry [Press Release]
Business Wire | 18 days 1 hour 2 minutes ago
Research and Markets (http://www.researchandmarkets.com/research/56d59f/australia_commerci) has announced the addition of the "Australia Commercial Banking Report Q4 2009" report to their offering.
Delegates See Market Improvement at MIPIM Asia 2009 [Press Release]
Business Wire | 2 days 18 hours 54 minutes ago
Delegates attending the fourth edition of MIPIM Asia, the world’s property market in Asia-Pacific, said they were more optimistic about the state of the property market compared to the same time last year, according to an independent survey carried out at the event.
Telstra workers fear redundancies
Investor's Business Daily | 13 days 12 hours 22 minutes ago
Nov 09, 2009 (The Australian - ABIX via COMTEX) -- Telstra has toned down its aggressive stance against unions in a drawn-out dispute over a new bargaining agreement. It will now no longer declare unilaterally that workers in the Next Generation Operations division will be made redundant, and instead offer voluntary packages after pressure by the Communications, Electrical & Plumbing Union (CEPU). However, some employees are concerned the hiring of new contractors from Indian firm Wipro means...
Money Report
BusinessWeek | 38 days 14 hours 32 minutes ago
Reader Discussion
Asian Shares Higher; James Hardie Surges On Strong 2Q Result
MarketWatch | 9 hours 39 minutes ago
Asian stock markets were higher but trading in tight ranges Monday, as investors looked for fresh direction. In Australia, James Hardie Industries was in the limelight after it posted stronger-than-expected results.
Roll up, roll up, for the great bank sell-off
Independent (London), The | 15 days 12 hours 8 minutes ago
Home > News > Business > Business Analysis & Features
Australia still hopping
Canada.com | 42 days 21 hours 41 minutes ago
Australia is perhaps best known for its beer drinkers, barbecues, crocodiles and sheilas, but dont let that fool you into underestimating the business savvy of those Aussies. The island from downunder is leading the developed world in economic recovery and investors are starting to take note.
NAB's bad debt doubt hits bank shares
Australian, The | 25 days 22 hours 17 minutes ago
BANK shares were crunched yesterday after National Australia Bank ushered in the banking reporting season by meeting annual profit expectations, but failing to pronounce that the bad-debt cycle had peaked.
Australian stocks gain early, financials strong - MarketWatch
MarketWatch | 14 days 13 hours 10 minutes ago
BREAKINGAustralian stocks gain early, financials strong
Australian shares push higher out of open - MarketWatch
MarketWatch | 17 days 12 hours 44 minutes ago
Japan's Nikkei rises 1% to 9,812.73 in early trade
Asian Shares Up On Wall St Cues; Axa Asia Still In Limelight - MarketWatch
MarketWatch | 13 days 11 hours 6 minutes ago
SINGAPORE (MarketWatch) -- Asian stock markets were mostly higher Tuesday after the Dow Jones Industrial Average rose to a new closing high for the year Monday. In Sydney, AXA Asia Pacific was trading higher a day after the firm rejected a combined takeover bid from AXA SA and AMP.
OIL FUTURES: Crude Climbs In Asia On Weak Dollar; Stocks Weigh
MarketWatch | 4 hours 37 minutes ago
Crude futures rose in Asia trading Monday tracking a weak dollar, but analysts said the upside may be limited due to high inventories of petroleum products.
Down Under on top of handling financial affairs
Australian, The | 44 days 22 hours 24 minutes ago
AS the global economic crisis crippled traditional financial powerhouses, Australia scaled the ranks to be placed second among the world's top financial centres, just behind Britain and up from 11th place last year, according to a World Economic Forum report.
National Australia Bank Turns to Loss on Bad-Debt Charge, Tax Settlement
Bloomberg | 26 days 8 hours 4 minutes ago
Oct. 28 (Bloomberg) -- National Australia Bank Ltd., the country's biggest corporate lender, turned to its first loss in at least nine years after charges for bad debts climbed and it set aside funds for a tax settlement in New Zealand.
Local heavyweights to trigger week ahead
Australian, The | 29 days 9 hours 33 minutes ago
THE Australian stock market is heading for a weak opening tomorrow after US markets fell one per cent on Friday.
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Company Overview
| Company: | National Australia Bank Limited |
|---|---|
| Industry: | Banking - Asia & Australia |
| Website: | http://www.nabgroup.com |
National Australia Bank (NAB) is one of Australia's Big Four banks (along with ANZ, Westpac, and Commonwealth Bank of Australia). It operates in Australia, New Zealand, Asia, the UK, and the US through subsidiaries that provide banking, wealth management, and investment banking services. NAB has some 800 branches in Australia and, through Bank of New Zealand, another 200 in New Zealand. Subsidiaries Clydesdale Bank and Yorkshire Bank operate more than 350 offices in the UK. NAB offers debt, risk management, and investment products for institutional clients. To establish a foothold in the US, NAB acquired Great Western Bancorporation for $A836 million ($798 million) in 2008.
Key Numbers
| Sales in U.S. Dollars (mil.) | 10,774.5 (2008) |
|---|---|
| One-year % Growth in Sales | -24.3 (2008) |
| Net Income in U.S. Dollars (mil.) | 3,722.2 (2008) |
| One-year % Growth in Net Income | -8.4 (2008) |
| Number of Employees | 39,729 (2008) |
| One-year % Growth in Number of Employees | 2.3 (2008) |
| Fiscal Year-End | September |