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National Australia Bank Ltd (NAB.AX)

NAB.AX on Australia Stock Exchange

29.79AUD
20 Sep 2019
Change (% chg)

$0.47 (+1.60%)
Prev Close
$29.32
Open
$29.39
Day's High
$29.79
Day's Low
$29.33
Volume
22,933,433
Avg. Vol
6,804,517
52-wk High
$29.79
52-wk Low
$22.52

Latest Key Developments (Source: Significant Developments)

Magnis Energy Technologies Says Imperium3 Townsville Engaged NAB As Financial Advisor
Thursday, 5 Sep 2019 

Sept 5 (Reuters) - Magnis Energy Technologies Ltd ::IMPERIUM3 TOWNSVILLE ENGAGED NATIONAL AUSTRALIA BANK AS FINANCIAL ADVISOR FOR TOWNSVILLE PROJECT.  Full Article

National Australia Bank Posts Q3 Cash Earnings At $1.65 Billion
Wednesday, 14 Aug 2019 

Aug 14 (Reuters) - National Australia Bank Ltd ::Q3 STATUTORY PROFIT $1.70 BILLION.AS AT JUNE 30, GROUP CET1 RATIO OF 10.4 PERCENT.QTRLY CASH EARNINGS $1.65 BILLION.Q3 REVENUE WAS UP 1% COMPARED WITH THE 1H19 QUARTERLY AVERAGE.NATIONAL AUSTRALIA BANK - Q3 NET INTEREST MARGIN INCREASED COMPARED WITH 1H19 QUARTERLY AVERAGE DUE TO LOWER SHORT-TERM WHOLESALE FUNDING COSTS.NAB -ADDITIONAL PROVISIONS FOR CUSTOMER REMEDIATION EXPECTED TO BE RECOGNISED IN 2H19, INCLUDING FOR ADVISER SERVICE FEES FOR SELF-EMPLOYED ADVISERS.NAB - Q3 EXPENSES WERE FLAT COMPARED WITH 1H19 QUARTERLY AVERAGE.  Full Article

National Australia Bank To Issue Us$1.5 Bln Subordinated Notes
Friday, 2 Aug 2019 

Aug 2 (Reuters) - National Australia Bank Ltd ::WILL ISSUE US$1.5 BILLION SUBORDINATED NOTES UNDER GLOBAL MEDIUM TERM NOTE PROGRAMME.  Full Article

National Australia Bank Says APRA Proposal To Impact By 16 Basis Points On CET1
Thursday, 11 Jul 2019 

July 11 (Reuters) - National Australia Bank Ltd ::APRA PROPOSAL EQUATES TO AN IMPACT OF 16 BASIS POINTS ON COMMON EQUITY TIER 1, BASED ON NAB'S 31 MARCH 2019 CAPITAL POSITION.  Full Article

National Australia Bank Proposes Interim Dividend Of 83 Cents Per Share
Thursday, 2 May 2019 

May 2 (Reuters) - National Australia Bank Ltd ::PROPOSED INTERIM DIVIDEND OF 83 CENTS PER SHARE.H1 NET INTEREST INCOME $6,776 MILLION VERSUS $6,750 MILLION.ALL CONTINUING DIRECTORS WILL TAKE A REDUCTION IN 2019 DIRECTORS' FEES, EQUIVALENT TO 20 PERCENT OF THEIR 2018 BASE FEE.H1 CASH EARNINGS $ 2,954 MLN VS $ 2,759 MLN.GROUP'S CET1 RATIO WAS 10.40% AT 31 MARCH 2019 .H1 NET INTEREST MARGIN 1.79% VS 1.87% A YEAR AGO .H1 NET PROFIT ATTRIBUTABLE $2,694 MLN VS $2,583 MLN.H1 CREDIT IMPAIRMENT CHARGES $ 449 MLN, UP 20.4 PCT.1H19 EARNINGS INCLUDE A FURTHER $525 MLN IN CUSTOMER-RELATED REMEDIATION COSTS.BOARD DETERMINED TO PARTIALLY UNDERWRITE THE 1H19 DIVIDEND REINVESTMENT PLAN.CONTINUE TO TARGET BROADLY FLAT EXPENSE GROWTH FOR FY19 AND FY20 EXCLUDING LARGE NOTABLE EXPENSES.  Full Article

National Australia Bank Establishes Special Committees For Selection Of New Chairman, Group CEO
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - National Australia Bank Ltd ::ESTABLISHED SPECIAL COMMITTEES FOR SELECTION OF A NEW CHAIRMAN AND GROUP CEO.PHILIP CHRONIC WILL COMMENCE IN ROLE OF GROUP CEO.CHRONICAN WILL SERVE AS CEO UNTIL APPOINTMENT AND COMMENCEMENT OF A NEW GROUP CEO.NAB- CHAIRMAN SELECTION COMMITTEE WILL BE CHAIRED BY DIRECTOR DAVID ARMSTRONG AND CEO SELECTION COMMITTEE WILL BE CHAIRED BY DIRECTOR ANN SHERRY.THORBURN WILL RECEIVE PAYMENT OF $1,041,449 IN LIEU OF 26 WEEKS' NOTICE, ALONG WITH ACCRUED LEAVE ENTITLEMENTS.ALL ANDREW THORBURN'S UNVESTED DEFERRED AWARDS WILL BE FORFEITED IN ACCORDANCE WITH PLAN RULES.  Full Article

National Australia Bank Posts Q1 Unaudited Statutory Net Profit Of $1.7 Bln
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - National Australia Bank Ltd ::Q1 UNAUDITED STATUTORY NET PROFIT $1.7 BILLION.AT QUARTER-END CET 1 RATIO 10 PERCENT.Q1 UNAUDITED CASH EARNINGS $1.65 BILLION.CREDIT IMPAIRMENT CHARGES FELL 5% TO $193 MILLION OVER QUARTER.NET INTEREST MARGIN DECLINED OVER QUARTER DUE TO PRESSURES IN HOUSING LENDING AND LOWER MARKETS AND TREASURY EARNINGS.DELAY OF INTENDED PUBLIC MARKETS EXIT OF MLC TO FY20 IS NOW LIKELY.CUSTOMER REMEDIATION PROGRAMS AND REGULATORY COMPLIANCE INVESTIGATIONS ARE CONTINUING IN FY19 WITH POTENTIAL FOR ADDITIONAL COSTS.  Full Article

National Australia Bank Requests Trading Halt Pending Announcement On Leadership Changes
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - National Australia Bank Ltd ::REQUESTS TRADING HALT PENDING ANNOUNCEMENT ON LEADERSHIP CHANGES.  Full Article

National Australia Bank's CEO cuts leave short
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - National Australia Bank Ltd ::CEO AND CHAIRMAN HAVE RESPONDED TO FINAL REPORT OF ROYAL COMMISSION."WHILE WE HAVE MADE MISTAKES, I BELIEVE THERE IS A LOT OF EVIDENCE THAT WE ARE MAKING SUSTAINABLE AND SERIOUS CHANGE"."I HAVE CANCELLED MY PLANNED LONG-SERVICE LEAVE, ASIDE FROM A PERSONAL FAMILY COMMITMENT NEXT WEEK." - CEO THORBURN.  Full Article

National Australia Bank Responds To RBNZ Paper On Capital Framework
Monday, 17 Dec 2018 

Dec 17 (Reuters) - National Australia Bank Ltd ::RESPONDS TO RBNZ PAPER ON CAPITAL FRAMEWORK.NAB - BASED ON PROPOSALS SET OUT BY RBNZ, RECOMMENDATIONS WOULD IMPLY A POTENTIAL TIER 1 CAPITAL INCREASE OF NZ$4-5BN FOR BNZ.REFERS TO UNIT BANK OF NEW ZEALAND AS "BNZ".  Full Article

REFILE-Australia's NAB says ex-RBS boss McEwan to start as CEO in December

Sept 20 National Australia Bank Ltd said on Friday incoming Chief Executive Officer Ross McEwan would start his tenure at the country's third-biggest lender on Dec. 2.