General Information:
The National Australia Bank is one of the largest financial institutions in Australia. The bank’s business can be segmented into four areas of operation: Australia region: This segment consists of the NAB and MLC brands.UK region: The Clydesdale and Yorkshire banks are the important features.
New Zealand: The most important inclusion here is the Bank of New Zealand
Institutional Markets & Services: The ‘international’ outfit of the group offering
debt financing, financial management, and other services globally.
The bank had nearly 8 million retail and business banking customers and 2.3 million wealth management customers worldwide in 2006.
Activities:
National Australia Bank also has substantial life insurance processes.
Performance:
National Australia Bank has shown stable performance over the years as a leading financial institution. The group achieved sales worth $24,188.8 million in 2006. The net income of the company in 2006 was $3,160.5 million. The percentage of growth of income over the last financial year was 2.7%.
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Net Profit has reached an all time high for the company, peaking at $5,141 million in 2006.
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Assets of the group have shown improvement in value and worth over the years. The valuation of the total assets was $484,785 million in 2006.
Corporate Address:500 Bourke St., 24th Fl., Melbourne, 3000, AustraliaTelephone: +61-3-8641-3500 Fax: +61-3-9208-5695 Website: www.national.com.au |
Assets & Infrastructure:
National Australia Bank is ably supported by a vast network of outlets. The bank had 1,782 operational branches and outlets in Australia, New Zealand and the United Kingdom in 2006. The total numbers of ATMs were 2,642. Internet Banking and Phone Banking is featured in all the zones of operation.Organization:
National Australia Bank Limited is headed by Mr Michael A. Chaney, who is the chairman of the company. Mr. John M. Stewart is the Managing Director, CEO and the Executive Director.National Australia Bank Limited had a headcount of 38,433 employees in 2006.
