National Australia Bank Ltd (NAB.AX)
|Market Cap (Mil.):||$79,002.78|
|Shares Outstanding (Mil.):||2,418.95|
* U.S. private equity firm buys $7.5 bln of Irish loans from RBS
* To sell an additional 1.2 billion stg parcel of higher risk loans from its UK Commercial Real Estate (CRE) portfolio
SYDNEY, Dec 16 - National Australia Bank will sell 1.2 billion pounds ($1.88 billion) of mostly non-performing UK commercial property loans to private equity firm Cerberus Global Investors as it looks to exit its low-returning UK business.
SYDNEY, Dec 16 - National Australia Bank on Tuesday said it will sell an additional 1.2 billion pounds ($1.88 billion) of mostly non-performing UK commercial property loans to private equity firm Cerberus Global Investors.
(The following statement was released by the rating agency) SYDNEY, November 27 (Fitch) Fitch Ratings has affirmed National Australia Bank Limited's Mortgage's (NAB, 'AA-'/Stable/'F1+') AUD17.4bn of outstanding mortgage covered bonds at 'AAA'. The Outlook is Stable. KEY RATING DRIVERS The rating is based on: NAB's Long-Term Issuer Default Rating (IDR) of 'AA-'; the unchanged Discontinuity Cap (D-Cap) of 3 (moderate-high); and an asset percentage (AP) of 89.5%, which is equal to Fitch's break
(The following statement was released by the rating agency) SYDNEY, November 20 (Fitch) Fitch Ratings has today assigned a rating of A+ to National Australia Bank Limited's (NAB; AA-/Stable/aa-) EUR750m Basel III compliant Tier 2 instrument (ISIN: XS1136227094). The direct, unsecured and subordinated obligations have been issued under NAB's USD100bn Global Medium Term Note Programme. Final maturity is 12 November 2024, although NAB may redeem the notes on 12 November 2019. The notes may also
* Class action across industry could be worth $217 mln - law firm
SYDNEY, Nov 12 - National Australia Bank said on Wednesday it was moving to settle a class action brought against Australia's major banks over fees for late payment, opening the door to millions of dollars in compensation for disgruntled customers.
* Net interest margin at 1.94 pct, lowest since Sept 2005
* Net interest margins at 1.94 pct, lowest since Sept 2005
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National Australia Bank Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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