National Australia Bank
Financial Services Company
Australia's NAB expects no material loss from Dubai exposureAustralia's largest bank National Australia Bank <NAB.AX> said on Monday it has exposure to troubled firm Dubai World [DBLD.UL] but said it does not expect to suffer a material loss. Dubai World rattled financial markets last week on news... In this article: Dubai World, Australia, Dubai, and National Australia Bank |
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The Australian | 8 hours ago
Stocks rocket 3pc, banks back in vogue
...calm markets and investors. Australia's Big Four banks have said their exposure to Dubai World will not generate material losses. National Australia Bank surged $1.61 (5.96 per cent) to $28.62, ANZ jumped 96c (4.53 per cent) to $22.15,...
In this article: Dubai, Big Four, Mitre 10, Futures contract, Joint venture, Copper, Australian Stock Exchange, and Westpac
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Sydney Morning Herald - Business | 10 hours ago
Asian stocks advance as Dubai concerns fade
...May, as the United Arab Emirates' pledge of support for banks eased concerns that losses from Dubai World's possible default will escalate. National Australia Bank and Commonwealth Bank of Australia climbed more than 3 per cent, leading...
In this article: Dubai, Commonwealth Bank, Tokyo, Westpac, ANZ, Nissan, and Sony
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Sydney Morning Herald - Business | 14 hours ago
CBA confirms no loss from Dubai exposure
...agreement on a $US3.5 billion ($3.8 billion) bond due for repayment on December 14. ANZ Banking Group (ANZ), Westpac Banking Corporation and National Australia Bank (NAB) confirmed on Friday that they were exposed financially to Dubai World...
In this article: Dubai World, CBA, Dubai, ANZ, Commonwealth Bank, and Westpac
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The Australian | 3 days ago
Stocks tumble on Dubai debt fear
...$1.78, or 3.4 per cent, to $50.60, ANZ ended down 79c, or 3.59 per cent, at $21.19, Westpac dropped 92c, or 3.83 per cent, to $23.13 and National Australia Bank slipped $1.12, or 3.98 per cent, to $27.01. BHP ended down $1.41, or 3.37 per...
In this article: Dubai, Thanksgiving Day, Commonwealth Bank, Westpac, S&P, and Rio Tinto
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Sydney Morning Herald - Business | 4 days ago
NAB's credit exposures drop 6.6%
National Australia Bank has reported a 6.6 per cent fall in its total credit exposures during 2008-09. NAB's total credit exposures dropped by 6.6 per cent to $630.022 billion at September 30, from $675 billion a year earlier. The...
In this article: Commonwealth Bank of Australia, BankWest, Bad debt, Risk management, Australian Prudential Regulation Authority, and Westpac
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scotsman.com - Latest Scottish News | 4 days ago
Call centre jobs secured
...were renewed by Virgin Media and home shopping company JD Williams. At least 400 jobs in Kilmarnock were secured under new contracts with National Australia Group, which owns Clydesdale and Yorkshire banks. A contract with Sainsbury's...
In this article: Becogent, National Australia Group, Alex Salmond, Virgin Media, Glasgow, and Scotland
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Sydney Morning Herald - Business | 5 days ago
Ratings agency smooths ruffled feathers
...that hit the minimum 8 per cent threshold. Of three local lenders included in the review, ANZ scored the highest rating with 7.1 per cent. National Australia Bank was at 6.9 per cent and Commonwealth Bank at 6.3 per cent. ''While...
In this article: Standard & Poor's, Balance sheet, Commonwealth Bank, Citigroup, and Australia
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The Australian | 5 days ago
Trading quiet as US gets ready for holiday
...mixed. Commonwealth Bank was down 16c at $52.58, Westpac lifted 41c to $24.37 and ANZ rose 31c to $22.20. National Australia Bank said it was expanding its distribution across rural Australia through an alliance with Ruralco Holdings,...
In this article: Rio Tinto, News Corporation, BHP Billiton, US, Australia, Fiscal year, and Coles
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Sydney Morning Herald - Business | 5 days ago
NAB expands rural footprint with Ruralco deal
National Australia Bank is expanding its distribution across rural Australia through an alliance with agricultural merchandiser and real estate group Ruralco Holdings. The alliance would give NAB access to RuralcoaEURâ„¢s 100,000 customers...
In this article: Balance sheet, Revenue, Tax, Hobart, and Australia
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Sydney Morning Herald - National | 6 days ago
Loans at pre-GFC levels: Mortgage Choice
...presented at the meeting. Commonwealth Bank of Australia Ltd sourced 42 per cent through a broker, ANZ Banking Group Ltd had 38 per cent and National Australia Bank had 19 per cent. Mortgage Choice chairman Peter Ritchie said the company...
In this article: Sydney
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More on National Australia Bank
Description from Wikipedia:
National Australia Bank (or NAB) is one of the largest financial institutions and banks in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation, it held total assets of A$657 billion as of 30 September 2008 and its operating income in 2008 was A$15.4 billion. . It operates across 10 countries serving 8.3 million consumer and business banking customers and over 2.3 million wealth management customers.
NAB operates 1,714 branches and service centres and 2,939 ATMs globally.
NAB has a "AA" senior debt rating by S&P. On 1 January 2009, Cameron Clyne took over as Group CEO from John Stewart.
- Name:
- National Australia Bank Limited
- Type:
- Public (ASX: NAB)
- Location:
- Melbourne, Australia
- Region:
- New Zealand
- Founded:
- 23 June 1893
- Industry:
- Financial services
- Key People:
- Cameron Clyne Michael Chaney
- Products:
- Banking, financial and related services
- Revenue:
- $32 billion AUD (2006)
- Net Income:
- $4.724 billion AUD (2008)
- No. of Employees:
- 39,729
- Motto:
- a little word for a big life
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