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National Australia Bank Ltd (NABZY.PK)

NABZY.PK on OTC Markets Group

9.96USD
1:29am IST
Change (% chg)

$-0.01 (-0.15%)
Prev Close
$9.98
Open
$10.00
Day's High
$10.00
Day's Low
$9.88
Volume
38,451
Avg. Vol
49,707
52-wk High
$10.38
52-wk Low
$7.84

Latest Key Developments (Source: Significant Developments)

National Australia Bank Updates On Shareholder Resolutions For Consideration At 2019 AGM
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - National Australia Bank Ltd ::UPDATES ON SHAREHOLDER RESOLUTIONS FOR CONSIDERATION AT 2019 AGM.AT AGM, SHAREHOLDERS REQUEST DISCLOSURE OF 2020 TARGETS TO REDUCE EXPOSURE TO FOSSIL FUEL ASSETS IN LINE WITH PARIS AGREEMENT.  Full Article

NAB Says To Incur Added A$1.18 Billion After Tax In Charges Related To Customer Remediation
Wednesday, 2 Oct 2019 

Oct 2 (Reuters) - National Australia Bank Ltd ::ANNOUNCES ADDITIONAL COSTS FOR REMEDIATION AND SOFTWARE.NAB- ANNOUNCED ADDITIONAL CHARGES OF $1,180 MILLION AFTER TAX ($1,683 MILLION BEFORE TAX) RELATING TO INCREASED PROVISIONS FOR CUSTOMER-RELATED REMEDIATION.NATIONAL AUSTRALIA BANK- CHARGES EXPECTED TO REDUCE 2H19 CASH EARNINGS BY AN ESTIMATED $1,123 MILLION AFTER TAX.NAB- PROVISIONS TO REDUCE 2H19 CASH EARNINGS BY ESTIMATED $1,123 MILLION AFTER TAX & EARNINGS FROM DISCONTINUED OPERATIONS BY ESTIMATED $57 MILLION AFTER TAX.NAB - 2H19 RESULT WILL INCLUDE CHARGES OF $832 MILLION AFTER TAX ($1,189 MILLION BEFORE TAX) FOR ADDITIONAL CUSTOMER-RELATED REMEDIATION.NAB-ANNOUNCED ADDITIONAL CHARGES OF $1,180 MILLION AFTER TAX RELATING TO INCREASED PROVISIONS FOR CUSTOMER-RELATED REMEDIATION.LATEST CHARGES BRING TOTAL PROVISIONS FOR CUSTOMER-RELATED REMEDIATION AT 30 SEPTEMBER 2019 TO $2,092 MILLION.NAB - CHANGE EXPECTED TO REDUCE NAB'S CAPITALISED SOFTWARE BALANCE AT 30 SEPT BY $494 MILLION AND NAB'S 2H19 CASH EARNINGS BY $348 MILLION (POST TAX).NAB-FOLLOWING A REVIEW OF SOFTWARE CAPITALISATION POLICIES, MINIMUM THRESHOLD AT WHICH SOFTWARE IS TO BE CAPITALISED INCREASED FROM $0.5 MILLION TO $2 MILLION.  Full Article

National Australia Bank Says It Has Cut Home Loan Rates By 15 Basis Points
Tuesday, 1 Oct 2019 

Oct 1 (Reuters) - National Australia Bank Ltd ::NATIONAL AUSTRALIA BANK SAYS IT HAS CUT HOME LOAN RATES FOR OWNER-OCCUPIER CUSTOMERS BY 15 BASIS POINTS.NATIONAL AUSTRALIA BANK SAYS WITH RBA CASH RATE AT HISTORIC LOWS, COST OF DEPOSITS COMES UNDER PRESSURE.  Full Article

National Australia Bank Announces Start Date For Group CEO Ross McEwan
Friday, 20 Sep 2019 

Sept 20 (Reuters) - National Australia Bank Ltd ::NAB ANNOUNCES START DATE FOR ROSS MCEWAN.ROSS MCEWAN WOULD START WITH BANK AS GROUP CHIEF EXECUTIVE OFFICER AND MANAGING DIRECTOR ON MONDAY 2 DECEMBER 2019.ROSS MCEWAN WOULD START WITH BANK AS GROUP CHIEF EXECUTIVE OFFICER (CEO) AND MANAGING DIRECTOR ON MONDAY 2 DECEMBER 2019.PHILIP CHRONICAN, WOULD ASSUME POSITION OF CHAIRMAN OF BOARD OF DIRECTORS FROM KEN HENRY FROM 15 NOVEMBER.CHIEF FINANCIAL OFFICER, GARY LENNON, WILL BE ACTING GROUP CEO FROM 15 NOVEMBER TO 1 DECEMBER 2019.MCEWAN'S APPOINTMENT REMAINS SUBJECT TO REGULATORY APPROVALS.  Full Article

National Australia Bank Updates On ASIC Civil Proceedings On Introducer Program
Friday, 23 Aug 2019 

Aug 23 (Reuters) - National Australia Bank Ltd ::NOTES ASIC CIVIL PROCEEDINGS ON INTRODUCER PROGRAM."WE TAKE THIS LEGAL ACTION SERIOUSLY AND WILL NOW CAREFULLY ASSESS ALLEGATIONS".  Full Article

National Australia Bank Says Contacting 13,000 Customers Over Data Breach
Friday, 26 Jul 2019 

July 26 (Reuters) - National Australia Bank Ltd ::NATIONAL AUSTRALIA BANK SAYS CONTACTING ABOUT 13,000 CUSTOMERS OVER PERSONAL INFORMATION UPLOADED, WITHOUT AUTHORISATION, TO 2 DATA SERVICE COS.NATIONAL AUSTRALIA BANK SAYS BREACH WAS NOT CYBER-SECURITY ISSUE; NO LOG-IN DETAILS OR PASSWORDS HAVE BEEN COMPROMISED.NATIONAL AUSTRALIA BANK SAYS NO EVIDENCE TO INDICATE THAT ANY INFORMATION HAS BEEN COPIED OR FURTHER DISCLOSED; NOTIFIED INDUSTRY REGULATORS.  Full Article

National Australia Bank Appoints Ross McEwan As CEO
Friday, 19 Jul 2019 

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
Tuesday, 9 Jul 2019 

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
Wednesday, 3 Jul 2019 

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
Monday, 1 Jul 2019 

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

Australia's GSFM buys 49% stake in boutique fund manager from NAB unit

Australian wealth manager GSFM on Friday said it had bought a 49% stake in boutique fund manager Redpoint Investment Management from National Australia Bank-owned MLC Asset Management, for an undisclosed amount.