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National Australia Bank Ltd.

NAB.AX

Latest Trade

17.29AUD

Change

-0.01(-0.06%)

Volume

18,445,012

Today's Range

17.20

 - 

17.39

52 Week Range

13.20

 - 

30.00

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

Latest Developments

Australia's ASIC Says NAB Superannuation Trustee Companies To Pay $57.5 Mln Penalty

Sept 14 (Reuters) - Australian Securities and Investments Commission::NAB SUPERANNUATION TRUSTEE COMPANIES TO PAY $57.5 MILLION PENALTY FOR FEES FOR NO SERVICE BREACHES.ACKNOWLEDGES THAT MLC NOMINEES AND NULIS MADE ADMISSIONS OF LIABILITY DURING PROCEEDINGS.

IOOF Holdings Announces Acquisition Of MLC From NAB

Aug 31 (Reuters) - IOOF Holdings Ltd <IFL.AX>::ACQUISITION OF MLC AND RESULTS ANNOUNCEMENT.ENTERED INTO TRANSACTION AGREEMENTS WITH NAB TO ACQUIRE 100% OF NAB'S WEALTH MANAGEMENT BUSINESS (MLC) FOR $1,440 MILLION,.ACQUISITION IS EXPECTED TO DELIVER IN EXCESS OF 20% EPS ACCRETION ON AN FY21F PRO FORMA BASIS.IOOF IS ACQUIRING GODFREY PEMBROKE AND MLC BRANDS BUT WILL NOT BE ACQUIRING MERITUM, APOGEE OR GARVAN BRANDS.NAB WILL RETAIN AFSL HOLDERS THAT OPERATE MLC'S ADVICE BUSINESS.TARGETING PRE-TAX SYNERGIES OF $150 MILLION PER ANNUM BY THIRD FULL YEAR OF OWNERSHIP ON A RUN-RATE BASIS FROM DEAL.RESTATING ITS COMMITMENT TO ITS DIVIDEND POLICY OF PAYING OUT 60 - 90% OF UNDERLYING NPAT.CONSIDERATION WILL BE FUNDED VIA $1,040 MILLION FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT & ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER.CONSIDERATION WILL BE FUNDED VIA $250 MILLION OF INCREMENTAL SENIOR DEBT VIA AN UNDERWRITTEN SYNDICATED DEBT FACILITY, AMONG OTHERS.AS PART OF TRANSACTION, IOOF WILL EXPAND ITS TOTAL DEBT FACILITIES BY $250 MILLION IN TOTAL FACILITY LIMITS.ENGAGED CITI AND NAB TO UNDERWRITE $920 MILLION OF TOTAL DEBT FACILITIES AS A BACKSTOP TO SYNDICATED FACILITY.TRANSACTION COMPLETION IS EXPECTED BEFORE 30 JUNE 2021.UNDERTAKING A FULLY UNDERWRITTEN 1 FOR 2.09 ENTITLEMENT OFFER TO RAISE $588 MILLION, AND A FULLY UNDERWRITTEN $452 MILLION PLACEMENT.EQUITY RAISING WILL BE CONDUCTED AT $3.50 PER NEW SHARE.

National Australia Bank Announces Agreement To Sell MLC Wealth To IOOF

Aug 31 (Reuters) - National Australia Bank Ltd <NAB.AX>::NAB ANNOUNCES AGREEMENT TO SELL MLC WEALTH TO IOOF-NAB.AX.EXPECTED TO RECEIVE ABOUT $220 MILLION OF SURPLUS CASH FROM MLC IN FORM OF A PRE-COMPLETION DIVIDEND.TRANSACTION IS ESTIMATED TO RESULT IN A POST-TAX LOSS ON SALE OF ABOUT $400 MILLION.ON A PRO FORMA 30 JUNE 2020 BASIS, NAB GROUP’S CORE EQUITY TIER 1 CAPITAL EXPECTED TO INCREASE BY ABOUT 30BPS.DEAL EXPECTED TO RESULT IN A PRO FORMA CET1 RATIO OF ABOUT 11.9%, MODEST UPLIFT IN NAB'S ROE.

APRA Issues Extra Superannuation Entity Licence Conditions On NULIS Nominees (Australia)

Aug 27 (Reuters) - ustralian Prudential Regulation Authority (APRA): :ISSUES EXTRA SUPERANNUATION ENTITY LICENCE CONDITIONS ON NULIS NOMINEES (AUSTRALIA) LTD TO IMPROVE GOVERNANCE AND CONTROL.NULIS AGREED TO IMPLEMENT ACTIONS REQUIRED UNDER DIRECTIONS & ADDITIONAL LICENCE CONDITIONS IN TIMELY MANNER.NULIS ACTIONS FOLLOW INVESTIGATION REFERRED BY ROYAL COMMISSION.

NAB Announces Issue Of U.S.$1.5 Bln 2.332% Subordinated Notes Due 2030

Aug 21 (Reuters) - National Australia Bank Ltd <NAB.AX>::ANNOUNCES ISSUE OF U.S.$1.5 BILLION 2.332% SUBORDINATED NOTES DUE 2030.

NAB Posts Q3 Cash Earnings Of $1.55 Bln

Aug 14 (Reuters) - National Australia Bank Ltd <NAB.AX>::AS AT JUNE 30, GROUP CET1 RATIO OF 11.6%.QTRLY CASH EARNINGS $1.55 BILLION.Q3 STATUTORY NET PROFIT $1.50 BILLION.Q3 NET INTEREST MARGIN BROADLY STABLE COMPARED WITH 1H20 QUARTERLY AVERAGE.Q3 EXPENSES UP 2% VERSUS 1H20 QUARTERLY AVERAGE DUE TO HIGHER ANNUAL LEAVE ACCRUALS & REMUNERATION.Q3 CREDIT IMPAIRMENT CHARGES FELL 2% TO $570 MILLION COMPARED WITH 1H20 QTRLY AVERAGE."THE OUTLOOK REMAINS HIGHLY UNCERTAIN".ACHIEVING TARGET OF BROADLY FLAT FY20 EXPENSES IS NOW INCREASINGLY CHALLENGING.OPERATIONAL SEPARATION OF MLC WEALTH WAS ACHIEVED IN JULY.ABOUT 16% OF HOME LOAN DEFERRAL CUSTOMERS CONTACTED VIA OUR CHECK-INS HAVE RECOMMENCED PAYMENTS.CONTINUE TO EXPECT LOW RATE ENVIRONMENT IN AUSTRALIA, NZ TO REDUCE NIM BY ABOUT 5BPS IN 2H20 (NET OF REPRICING) VERSUS 1H20.COMPETITIVE PRESSURES REMAIN A HEADWIND FOR GROUP NIM IN 2H20.ACTIVELY EXPLORING ALTERNATIVE TRANSACTION STRUCTURES INCLUDING SALE OF MLC WEALTH BUSINESS.

NAB Says At This Stage Only Small Increase In New Deferral Requests In Victoria

Aug 14 (Reuters) - National Australia Bank Ltd <NAB.AX>::AT THIS STAGE, ONLY SMALL INCREASE IN NEW DEFERRAL REQUESTS IN VICTORIA.IMPROVEMENT IN FUNDING COSTS SINCE 31 MARCH 2020 PROVIDE MODEST TAILWIND TO GROUP NIM OUTLOOK.

NAB Signs 5-Year Multi-Cloud Partnership With Microsoft

July 14 (Reuters) - Microsoft Corp <MSFT.O>::SIGNS 5-YEAR STRATEGIC PARTNERSHIP WITH MICROSOFT TO CO-DESIGN, DEVELOP AND INVEST IN NAB AND BNZ’S MULTI-CLOUD TECHNOLOGY.PARTNERSHIP FOR A MULTI-CLOUD ECOSYSTEM THAT WILL HOST 1,000 OF BANKS’ APPLICATIONS TO MICROSOFT AZURE AS THE PRIMARY CLOUD.

NAB Issues A$215 MLN Subordinated Notes

June 30 (Reuters) - National Australia Bank Ltd <NAB.AX>::ISSUE OF A$215,000,000 SUBORDINATED NOTES-NAB.AX.PURSUANT TO ITS US$100 BILLION GLOBAL MEDIUM TERM NOTE PROGRAMME, NAB TO ISSUE A$215 MILLION SUBORDINATED NOTES DUE 30 JUNE 2040.

NAB Announces Issue Of A$205 Million Subordinated Notes

June 9 (Reuters) - National Australia Bank Ltd <NAB.AX>::ISSUE OF A$205 MILLION SUBORDINATED NOTES.WILL ISSUE A$205 MILLION SUBORDINATED NOTES DUE 9 JUNE 2035.ISSUE OF SUBORDINATED NOTES WILL NOT HAVE MATERIAL IMPACT ON FINANCIAL POSITION.

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

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