National Australia Bank(NAB)

  • By Harrison Cole

  • June 15, 2015
  • 9:58 am BST

National Australia Bank on the ASX Stock Exchange

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National Australia Bank is one of Australia’s largest financial institutions and for many years was ranked in the top 50 banks in the world. NAB generates the majority of its business through Australia, New Zealand and parts of the United Kingdom.

The key areas in which National Australia Bank operate are:

  • Business & Private banking
  • Retail Banking
  • Wealth Management

The business & private banking arm is involved in the provision of lending, deposit, transactions to high net worth individuals in Australia. NAB is Australia’s largest lending institution with a market share of 19% and takes in the most deposits with over 24% of this part of the business.

The retails banking in similar to the business and private banking except it offers this service to the retail public. Whilst this side of the business is growing steadily it has some 3.2 million customers already.

On the Wealth management front, NAB provides investment, superannuation and insurance solutions via the MLC brand name to over 1.9 million customers in both the retail and corporate sector. The majority of clients are located in both Australia and throughout Asia.

Other statistics on NAB

The UK division, which consists of banking and wealth management, provides solutions to over 3.1 million customers. It operates under 2 brands: Clydesdale Bank and Yorkshire Bank, within one legal entity, Clydesdale Bank PLC
In November 2007 (the top of the market), NAB acquired Great Western Bancorporation in South Dakota for $798 million.

National Australia Bank Quick Facts (as of Jan 2012)

  • Chairman: Mr Michael A Chaney
  • CEO/MD: Mr Andrew Gregory Thorburn
  • Industry Group: Banks
  • Shares on issue: 2,615,193,483
  • Market Cap: Over $87 Billion

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