National Australia Bank (NAB)

Stock Code


Stock Exchange


National Australia Bank is a group of companies which provides banking and financial products and services to individuals, small business and corporations. NAB was listed on the ASX on 1 January, 1974. National Australia Bank is one of the leading Australian banks and also has operations located in New Zealand and UK. In UK they operate through Cyldesdale bank and Yorkshire Bank, while in Nez Zealand they operate under the Bank of New Zealand brand.

National Australia Bank (NAB) Company History

NAB Launches Online Share Trading Platform

National Australia Bank (ASX:NAB) has announced plans to launch its own online share trading platform, Nabtrade, to compete with the existing market players which dominate up to 76 percent of the marketplace:

  • CommSec - 49 percent of market and 1.7 million clients
  • E*Trade - 18 percent of market

Floats, AGMs and EGMs on Sharemarket Thursday

Three floats, five Annual General Meetings and five Extraordinary General Meetings are scheduled in the sharemarket list of events on December 15, 2011, Thursday. There will be no upcoming ex-dividends on the same day.


NAB Announces $5.5 Billion Record Profit

National Australia Bank (ASX:NAB) have announced their full year profit of $5.5 billion: an increase of 19.2 percent. The increased profit was from an increase in mortgage sales, an increase in business lending and a drop in bad debts.

NAB have declared a final dividend, distributing 88 cents per share, fully franked. The dividend was 4 cents higher than the interim dividend and totals $1.72 for the full year dividend.

Shareholder Benefits Schemes

Some Australian publicly listed companies provide incentives for their shareholders in the form of a shareholder benefits scheme or shareholder benefits package or shareholder discount schemes. Here is a list of benefits you may be entitled to when you purchase a share of a public company.

Shareholder Benefits List

NAB Plans to Sell UK Assets

National Australia Bank (ASX:NAB) appears to be letting go of its UK assets as it held talks last night to sell its Clydesdale and Yorkshire banks to investment group NBNK in a deal valued up to $2.3 billion.

NBNK is understood to be keen on the sale because it will mean a banking licence and funding for its bid for the 632 branches Lloyds Banking Group is selling. NAB on the other hand, will get an exit option from an underperforming market.

Strong Quarterly Revenue for NAB

National Australia Bank (ASX:NAB) booked quarterly cash earnings of $1.4 billion but said the revenue came amidst challenging conditions.

Although revenue increased in the personal and business banking divisions for the three months to June, the growth was offset by a revenue cut from its wholesale banking unit.

NAB Waits to Place Indicative Bid on Lloyds

National Australia Bank's (ASX:NAB) is waiting to put an indicative bid for the 632 Lloyds Banking Group branches up for sale. NAB did not want to cave in to pressure when the bid process was stepped up.

Lloyd's chief executive Antonio Horta-Osorio set a Monday deadline for indicative bids, stunning potential bidders. The date was much earlier than expected for the deal that could reach $4.8 billion.

NAB Sells Bonds, Issues Price at $700m

National Australia Bank's (ASX:NAB) New Zealand Division sold its very first covered bonds in Australia, which cut funding costs as the market grows for securities back by assets. The bank priced its $700 million five year debt for 88 basis points, which is more than the swap rate. The sale adds $2.3 billion to securities sold by the three leading banks in Australia this year.

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