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National Australia Bank Ltd (NAB.AX)

NAB.AX on Australia Stock Exchange

18.08AUD
29 Sep 2020
Change (% chg)

$-0.14 (-0.77%)
Prev Close
$18.22
Open
$18.30
Day's High
$18.40
Day's Low
$18.00
Volume
6,612,150
Avg. Vol
9,710,290
52-wk High
$29.92
52-wk Low
$13.20

Latest Key Developments (Source: Significant Developments)

Australia's ASIC Says NAB Superannuation Trustee Companies To Pay $57.5 Mln Penalty
Monday, 14 Sep 2020 

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.  Full Article

APRA Issues Extra Superannuation Entity Licence Conditions On NULIS Nominees (Australia)
Thursday, 27 Aug 2020 

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.  Full Article

NAB Announces Issue Of U.S.$1.5 Bln 2.332% Subordinated Notes Due 2030
Friday, 21 Aug 2020 

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

NAB Posts Q3 Cash Earnings Of $1.55 Bln
Friday, 14 Aug 2020 

Aug 14 (Reuters) - National Australia Bank Ltd ::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.  Full Article

NAB Says At This Stage Only Small Increase In New Deferral Requests In Victoria
Friday, 14 Aug 2020 

Aug 14 (Reuters) - National Australia Bank Ltd ::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.  Full Article

NAB Issues A$215 MLN Subordinated Notes
Tuesday, 30 Jun 2020 

June 30 (Reuters) - National Australia Bank Ltd ::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.  Full Article

NAB Announces Issue Of A$205 Million Subordinated Notes
Tuesday, 9 Jun 2020 

June 9 (Reuters) - National Australia Bank Ltd ::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.  Full Article

NAB Says Decided To Increase ‍share Purchase Plan​ Size By A$750 Million
Wednesday, 27 May 2020 

May 27 (Reuters) - National Australia Bank Ltd ::DECIDED TO INCREASE SPP SIZE BY A$750 MILLION ABOVE ITS ORIGINAL TARGET OF A$500 MILLION.DECIDED TO INCREASE SPP SIZE BY A$750 MILLION.TO RAISE A TOTAL AMOUNT OF A$1.25 BILLION.ABOUT 88 MILLION NEW FULLY PAID NAB ORDINARY SHARES WILL BE ISSUED TO SUCCESSFUL APPLICANTS ON 2 JUNE.  Full Article

Genworth Mortgage Insurance Australia Says NAB Advised Supply & Service Contract Will Not Be Renewed
Wednesday, 20 May 2020 

May 20 (Reuters) - Genworth Mortgage Insurance Australia Ltd ::NATIONAL AUSTRALIA BANK ADVISED GENWORTH'S SUPPLY & SERVICE CONTRACT WILL NOT BE RENEWED, TO EXPIRE ON 20 NOV.  Full Article

National Australia Bank Says Court Approved Settlement Of Class Action On CCI Products
Tuesday, 12 May 2020 

May 12 (Reuters) - National Australia Bank Ltd ::FEDERAL COURT APPROVES SETTLEMENT OF CLASS ACTION AGAINST NAB & MLC LTD IN RELATION TO CONSUMER CREDIT INSURANCE PRODUCTS.SETTLEMENT INVOLVES A PAYMENT OF $49.5 MILLION.  Full Article

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UBS Wealth says no-deal Brexit would weaken pound to $1.25, sees sharp fall in banking stocks

LONDON UBS Global Wealth Management said it expects the British pound to weaken to $1.25 and domestic banking stocks to slump 15-20% if the UK fails to strike a trade deal with the European Union.