National Australia Bank (NAB)

Shares / Stock Code

NAB

Stock Exchange / Sharemarket

Australian Securities Exchange

National Australia Bank is a group of companies which provides banking and financial products and services to individuals, small business and corporations. NAB was listed on the ASX on 1 January, 1974. National Australia Bank is one of the leading Australian banks and also has operations located in New Zealand and UK. In UK they operate through Cyldesdale bank and Yorkshire Bank, while in Nez Zealand they operate under the Bank of New Zealand brand.

National Australia Bank (NAB) Company History

The National Australia Bank Group (NABG) was founded in 1858. It was originally called the National Bank of Australia however in 1981, after it merged with the Commercial Banking Company of Sydney; its name was changed to The National Australia Bank Group. The group has implemented organic and inorganic strategies leading to its expansion worldwide.

In 2000, NABG expanded further by acquiring MLC. In the same year, the group divested Michigan National, its operations in the US. In 2002, the Washington Mutual bought the US-based Home side mortgage of the NABG. Two years later, the stakes in HHG, AMP, and St. George Bank were sold. After this, the National Australia Bank Group's subsidiary in Thailand bought the MLC business of the group. A month after, in the same year, the group's stake in National Irish Bank as well as in Northern Bank was divested to Danske Bank. The acquisition of the remaining interests in the HKMLC Holdings was completed by the National Australia Bank Group in 2005.

The purchase of Assure New Zealand for the BNZ Investment Management was completed by NABG in January 2006. Assure New Zealand is a wholly owned subsidiary of the AXA Asia Pacific Holdings. The transfer of the UK Clydesdale as well as the investment management of Yorkshire Bank was transferred to the Tilney Investment Management and this transfer was approved by NABG. In the month of May of the same year, NABG signed an agreement with GE Commercial Finance to sell the CustomFleet business to the latter. It was also in the same month when the agreement to sell the MLC Life Insurance business in Indonesia and Hong Kong to AXA Asia Pacific Holdings was signed.

National Australia Bank (NAB) Products and Services

NAB provides the following financial products and services:

  • NAB Cash Flow and Payments
    • Business credit cards
    • Business investments
    • Payment solutions
    • Transaction accounts
    • Trade payments and deposits
    • Transaction options
  • NAB Finance and leasing
    • Growth and start-up finance
    • Managing cashflow
    • Property finance
    • Trade finance
    • Vehicle and equipment finance
  • NAB Insurance
    • Business Succession
    • Group Insurance
    • Income Protection
    • National Agricover
  • NAB Internet Banking
  • NAB Investment products
    • Business Investment Account
    • Bank Accepted Bills
    • Commercial Paper Investment
    • Foreign Currency Account
    • Foreign Currency Term Deposit
    • Professional Funds Account
    • Term Deposits
  • NAB Miscellaneous Services
    • Agribusiness solutions
    • Cards for business
    • Employee benefits program
    • Global trade finance
    • Leasing and fleet management
    • NAB custodian services
    • Payment solutions
    • Small business solutions

NAB Competitors

  • ABN AMRO Holding N.V.
  • Australia and New Zealand Banking Group
  • Banque Nationale de Belgique
  • BNP Paribas Group
  • Commonwealth Bank of Australia
  • Deutsche Bank AG
  • HSBC Holdings plc
  • ING Groep N.V.
  • KBC Bank and Insurance Holding Company NV
  • Natexis Banques Populaires
  • Société Générale
  • Westpac Banking Corporation

National Australia Bank (NAB) Locations and Subsidiaries

National Australia Bank Head Office
National Australia Bank Group Limited
35th Floor 500 Bourke Street
Melbourne, Victoria 3000
AUSTRALIA
P:61 3 8641 3500
F:61 3 8641 4927

nabCapital Melbourne
Level 32 500 Bourke Street
Melbourne Victoria, 3000
AUSTRALIA

nabCapital Adelaide
Level 10 22 King William Street
Adelaide, South Australia, 5000
AUSTRALIA

nabCapital Brisbane
Level 21 255 Adelaide Street
Brisbane, Queensland 4000
AUSTRALIA

Yorkshire Bank
30 St Vincent Place
Glasgow G1 2HL
GREAT BRITAIN

National Australia Bank (NAB) Share Price

Submitted by Share Trading on 8 February, 2008 - 12:22

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