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National Australia Bank Ltd (NAB.AX)

NAB.AX on Australia Stock Exchange

28.33AUD
24 Jul 2019
Change (% chg)

$0.47 (+1.69%)
Prev Close
$27.86
Open
$28.00
Day's High
$28.33
Day's Low
$27.96
Volume
7,596,460
Avg. Vol
6,826,449
52-wk High
$29.00
52-wk Low
$22.52

Latest Key Developments (Source: Significant Developments)

National Australia Bank Appoints Ross McEwan As CEO
Thursday, 18 Jul 2019 06:37pm EDT 

July 19 (Reuters) - National Australia Bank Ltd ::ROSS MCEWAN APPOINTED CEO OF NATIONAL AUSTRALIA BANK.PHILIP CHRONICAN WILL TRANSITION FROM INTERIM CEO TO CHAIRMAN POSITION IN MID-NOVEMBER 2019.  Full Article

National Australia Bank Says New APRA Proposal Represents Incremental Increase Of $12.1 Bln Of Total Capital
Monday, 8 Jul 2019 09:35pm EDT 

July 9 (Reuters) - National Australia Bank Ltd ::BASED ON NAB'S RWA OF $403BN AT 31 MARCH 2019, THREE PERCENTAGE POINT REQUIREMENT REPRESENTS AN INCREMENTAL INCREASE OF $12.1BN OF TOTAL CAPITAL..NOTES APRA RESPONSE TO SUBMISSIONS ON INCREASING LOSS-ABSORBING CAPACITY OF ADIS.NAB EXPECTS TO MEET NEW REQUIREMENT PRIMARILY THROUGH ISSUANCE OF TIER 2 CAPITAL, WITH A CORRESPONDING DECREASE IN SENIOR DEBT ISSUANCE.  Full Article

National Australia Bank Says Completed Issuance Of $1.87 Bln Of New Common Equity Tier 1 Capital
Tuesday, 2 Jul 2019 08:02pm EDT 

July 3 (Reuters) - National Australia Bank Ltd ::NOW COMPLETED ISSUANCE OF $1.87 BILLION OF NEW COMMON EQUITY TIER 1 CAPITAL.  Full Article

Cedar Woods Properties To Introduce NAB To Co's $205 Mln Facility
Sunday, 30 Jun 2019 06:32pm EDT 

July 1 (Reuters) - Cedar Woods Properties Ltd ::MODIFIES CORPORATE FINANCE FACILITY; TO INTRODUCE NATIONAL AUSTRALIA BANK TO CO'S $205 MILLION FACILITY.  Full Article

NAB Issues A$1 Bln Subordinated Floating Rate Medium Term Notes Due May 2029
Thursday, 16 May 2019 07:19pm EDT 

May 17 (Reuters) - National Australia Bank Ltd ::ISSUES A$1 BILLION SUBORDINATED FLOATING RATE MEDIUM TERM NOTES DUE MAY 2029.  Full Article

NAB Announces Additional Costs Of A$525 Mln For Customer Remediation Matters
Wednesday, 17 Apr 2019 06:47pm EDT 

April 18 (Reuters) - National Australia Bank Ltd ::NAB ANNOUNCES ADDITIONAL COSTS FOR CUSTOMER REMEDIATION MATTERS.ADDITIONAL CHARGES OF $525 MILLION AFTER TAX IN CONNECTION WITH INCREASED PROVISIONS FOR ITS CUSTOMER-RELATED REMEDIATION PROGRAM.EXPECTED TO REDUCE 1H19 CASH EARNINGS BY AN ESTIMATED $325 MILLION AND EARNINGS FROM DISCONTINUED OPERATIONS BY AN ESTIMATED $200 MILLION.OF 1H19 CHARGES, APPROXIMATELY 91% ARE FOR WEALTH RELATED MATTERS, WITH REMAINDER FOR BANKING.SINCE JUNE 2018, CO MADE ABOUT 360,000 PAYMENTS TO CUSTOMERS WITH A TOTAL VALUE OF ABOUT $145 MILLION.THERE ARE NOW AROUND 350 PEOPLE DEDICATED TO REMEDIATING CUSTOMERS; WILL SOON HAVE AROUND 500 ACROSS NAB FOR THE PURPOSE.  Full Article

National Australia Bank Takes Action On Recommendations From Royal Commission
Thursday, 14 Mar 2019 06:18pm EDT 

March 15 (Reuters) - National Australia Bank Ltd ::NAB TAKES ACTION ON RECOMMENDATIONS FROM ROYAL COMMISSION.TO EXTEND PROTECTIONS OF CODE OF BANKING PRACTICE TO SMALL BUSINESSES WITH LESS THAN $5 MILLION IN BORROWINGS, FROM PREVIOUS LEVEL OF LESS THAN $3 MILLION.HAS ESTABLISHED A BOARD CUSTOMER COMMITTEE.  Full Article

National Australia Bank Says Philip Chronican Selected As Chairman
Wednesday, 6 Mar 2019 02:22am EST 

March 6 (Reuters) - National Australia Bank Ltd ::PHILIP CHRONICAN SELECTED AS NEXT NAB CHAIRMAN.CHRONICAN'S APPOINTMENT WAS UNANIMOUSLY SUPPORTED BY DIRECTORS AT A SCHEDULED BOARD MEETING IN MELBOURNE.CHRONICAN TO REPLACE KEN HENRY AC AS CHAIRMAN LATER IN 2019.  Full Article

National Australia Bank Announces Capital Notes 3 Offer
Sunday, 10 Feb 2019 04:59pm EST 

Feb 11 (Reuters) - National Australia Bank Ltd ::ANNOUNCED AN OFFER OF NAB CAPITAL NOTES 3, WHICH ARE EXPECTED TO BE QUOTED ON ASX.RESALE OF CPS WILL NOT IMPACT FINAL DIVIDEND OF $1.2976 PER CPS SCHEDULED TO BE PAID BY NAB ON 20 MARCH 2019.ONCE ALL CPS HAVE BEEN RESOLD TO NOMINATED PURCHASER ON 20 MARCH 2019, NAB INTENDS TO CONVERT UP TO $750M OF CPS INTO ORDINARY SHARES.NAB CAPITAL NOTES 3 DISTRIBUTIONS ARE EXPECTED TO BE FULLY FRANKED.  Full Article

National Australia Bank Says Chairman and CEO To Leave Bank
Thursday, 7 Feb 2019 01:00am EST 

Feb 7 (Reuters) - National Australia Bank Ltd ::ANDREW THORBURN RESIGNS AS CEO.CHAIRMAN KEN HENRY WILL LEAVE BANK.PHILIP CHRONICAN TO SERVE AS ACTING CEO EFFECTIVE 1 MARCH.BOARD WILL SEEK TO BRING ON NEW NON-EXECUTIVE DIRECTORS THIS YEAR.  Full Article

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National Australia Bank last among 'Big Four' to ease home loan rules

National Australia Bank Ltd said on Wednesday it would ease home-lending rules effective Aug. 5, lowering the interest rate it uses to stress test customers' loan applications to a minimum 5.5%, in line with its larger peers.