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National Australia Bank Ltd.

NAB.AX

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As of on the Australian Stock Exchange Ltd ∙ Minimum 15 minute delay

Latest Developments

National Australia Bank Notes RBNZ Capital Framework

Dec 5 (Reuters) - National Australia Bank Ltd <NAB.AX>::NOTES RBNZ CAPITAL FRAMEWORK.AS AT 30 SEPTEMBER 2019, NAB'S LEVEL 2 CET1 RATIO WAS 10.38%..EXPECTED TO BE NO IMPACT ON NAB'S LEVEL 2 CET1 RATIO FROM INCREASED BNZ CAPITAL REQUIREMENTS OR CHANGES TO BNZ RWA..AS AT 30 SEPTEMBER 2019, NAB'S LEVEL 1 CET1 RATIO WAS 10.53%..FINAL CAPITAL REQUIREMENTS INCLUDE INCREASE IN TIER 1 CAPITAL REQUIREMENT EQUAL TO 16 % OF RWA FOR BANKS DEEMED SYSTEMICALLY IMPORTANT.BASED ON BNZ'S BALANCE SHEET AS AT 30 SEPT, CHANGES REPRESENT A CET1 CAPITAL INCREASE OF NZ$3-4BN FOR BNZ BY 1 JULY 2027.UNDER APRA'S PROPOSED CHANGES, ADDITIONAL EQUITY INVESTMENT IN BNZ OVER TRANSITION PERIOD EXPECTED TO BE DEDUCTED FROM CO'S LEVEL 1 CET1 CAPITAL.

National Australia Bank Seeks Approval To Establish EU Subsidiary In Paris

Nov 29 (Reuters) - National Australia Bank Ltd <NAB.AX>::WILL SUBMIT TO FRENCH PRUDENTIAL SUPERVISION AND RESOLUTION AUTHORITY TO ESTABLISH A LICENSED SUBSIDIARY IN PARIS.SEEKING AUTHORISATION TO ESTABLISH SUBSIDIARY AS A CREDIT INSTITUTION IN FRANCE.SUBSIDIARY TO OFFER RANGE OF WHOLESALE BANKING AND INVESTMENT SERVICES PRODUCTS TO CUSTOMERS IN EUROPEAN ECONOMIC AREA.SEEKS REGULATORY APPROVAL TO ESTABLISH LICENSED EU SUBSIDIARY IN PARIS.

National Australia Bank To Settle Class Action Brought Against It By Slater & Gordon

Nov 20 (Reuters) - National Australia Bank Ltd <NAB.AX>::AGREED TO SETTLE A CLASS ACTION BROUGHT AGAINST IT BY SLATER & GORDON IN RELATION TO CONSUMER CREDIT INSURANCE.SETTLEMENT INVOLVES A PAYMENT OF $49.5 MILLION AND IS SUBJECT TO APPROVAL OF THE FEDERAL COURT OF AUSTRALIA.

National Australia Bank To Issue A$1.4 Bln Subordinated Medium Term Notes

Nov 18 (Reuters) - National Australia Bank Ltd <NAB.AX>::ISSUE OF A$1,400,000,000 SUBORDINATED MEDIUM TERM NOTES DUE NOVEMBER 2031.TO ISSUE A$1.18 BILLION SUBORDINATED FLOATING RATE MEDIUM TERM NOTES DUE NOV 2031 & A$225 MILLION SUBORDINATED FIXED RATE MEDIUM TERM NOTES DUE NOV 2031.

NAB Says RBA Cash Rate At Historic Lows, Presents New Challenges For Industry

Nov 15 (Reuters) - National Australia Bank Ltd <NAB.AX>::"RBA CASH RATE IS SITTING AT HISTORIC LOWS, WHICH PRESENTS NEW CHALLENGES FOR OUR INDUSTRY".WITH INFLATION BELOW TARGET & PROSPECT OF DETERIORATION IN LABOUR MARKET, THERE IS POSSIBILITY OF 'UNCONVENTIONAL' MONETARY POLICY ACTION.

National Australia Bank Enters Agreement With Morgan Stanley To Underwrite DRP

Nov 7 (Reuters) - National Australia Bank Ltd <NAB.AX>::ENTERED AGREEMENT WITH MORGAN STANLEY AUSTRALIA SECURITIES LIMITED TO UNDERWRITE DRP UP TO AN AMOUNT OF $700 MILLION.

National Australia Bank Announces Final Dividend Of 83 Cents Per Share

Nov 7 (Reuters) - National Australia Bank Ltd <NAB.AX>::ANNOUNCES FINAL DIVIDEND OF 83 CENTS PER SHARE.FY CASH EARNINGS $5,097 MILLION.FY NET INTEREST INCOME $13,614 MILLION VERSUS $13,467 MILLION.AS AT SEPT 30, GROUP CET1 RATIO 10.38 PERCENT.FY NET INTEREST MARGIN DECLINED 7 BASIS POINTS TO 1.78%.NOW HAVE MORE THAN 950 PEOPLE DEDICATED TO REMEDIATING CUSTOMERS.IN FY19 RECOGNISED ADDITIONAL CHARGES OF $1,100 MILLION AFTER TAX FOR CUSTOMER-RELATED REMEDIATION.AUSTRALIAN ECONOMIC GROWTH IS EXPECTED TO REMAIN BELOW TREND IN 2020 AND 2021.CONTINUE TO TARGET CUMULATIVE COST SAVINGS OF AT LEAST $1 BILLION BY 30 SEPTEMBER 2020.WELL PLACED TO MEET APRA'S 'UNQUESTIONABLY STRONG' CAPITAL BENCHMARK BY 1 JANUARY 2020.AUSTRALIAN UNEMPLOYMENT RATE IS FORECAST TO EDGE HIGHER.

National Australia Bank Notes APRA Consultation

Oct 15 (Reuters) - National Australia Bank Ltd <NAB.AX>::NOTED AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY'S CONSULTATION ON PROPOSED CHANGES TO PRUDENTIAL STANDARD.ON A PRO FORMA BASIS, PROPOSED CHANGES ARE NOT EXPECTED TO IMPACT AMOUNT OF CAPITAL REQUIRED TO BE HELD BY NAB GROUP.CONTINUES TO EXPECT TO ACHIEVE APRA'S 'UNQUESTIONABLY STRONG' CET1 BENCHMARK OF AT LEAST 10.5% AT BOTH LEVELS BY 1 JANUARY 2020.UNDER PROPOSED STANDARD, THERE IS MINIMAL IMPACT ON NAB'S LEVEL 1 CET1 RATIO AND NAB'S LEVEL 2 CET1 RATIO WOULD BE UNCHANGED.ULTIMATE IMPACT TO NAB GROUP WILL BE SUBJECT TO FINALISATION OF PROPOSED CHANGES, AS WELL AS ANY CHANGES TO NAB'S INVESTMENT IN BNZ.

National Australia Bank Updates On Shareholder Resolutions For Consideration At 2019 AGM

Oct 10 (Reuters) - National Australia Bank Ltd <NAB.AX>::UPDATES ON SHAREHOLDER RESOLUTIONS FOR CONSIDERATION AT 2019 AGM.AT AGM, SHAREHOLDERS REQUEST DISCLOSURE OF 2020 TARGETS TO REDUCE EXPOSURE TO FOSSIL FUEL ASSETS IN LINE WITH PARIS AGREEMENT.

NAB Says To Incur Added A$1.18 Billion After Tax In Charges Related To Customer Remediation

Oct 2 (Reuters) - National Australia Bank Ltd <NAB.AX>::ANNOUNCES ADDITIONAL COSTS FOR REMEDIATION AND SOFTWARE.NAB- ANNOUNCED ADDITIONAL CHARGES OF $1,180 MILLION AFTER TAX ($1,683 MILLION BEFORE TAX) RELATING TO INCREASED PROVISIONS FOR CUSTOMER-RELATED REMEDIATION.NATIONAL AUSTRALIA BANK- CHARGES EXPECTED TO REDUCE 2H19 CASH EARNINGS BY AN ESTIMATED $1,123 MILLION AFTER TAX.NAB- PROVISIONS TO REDUCE 2H19 CASH EARNINGS BY ESTIMATED $1,123 MILLION AFTER TAX & EARNINGS FROM DISCONTINUED OPERATIONS BY ESTIMATED $57 MILLION AFTER TAX.NAB - 2H19 RESULT WILL INCLUDE CHARGES OF $832 MILLION AFTER TAX ($1,189 MILLION BEFORE TAX) FOR ADDITIONAL CUSTOMER-RELATED REMEDIATION.NAB-ANNOUNCED ADDITIONAL CHARGES OF $1,180 MILLION AFTER TAX RELATING TO INCREASED PROVISIONS FOR CUSTOMER-RELATED REMEDIATION.LATEST CHARGES BRING TOTAL PROVISIONS FOR CUSTOMER-RELATED REMEDIATION AT 30 SEPTEMBER 2019 TO $2,092 MILLION.NAB - CHANGE EXPECTED TO REDUCE NAB'S CAPITALISED SOFTWARE BALANCE AT 30 SEPT BY $494 MILLION AND NAB'S 2H19 CASH EARNINGS BY $348 MILLION (POST TAX).NAB-FOLLOWING A REVIEW OF SOFTWARE CAPITALISATION POLICIES, MINIMUM THRESHOLD AT WHICH SOFTWARE IS TO BE CAPITALISED INCREASED FROM $0.5 MILLION TO $2 MILLION.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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