National Australia Bank

Financial services company

About

Thing
Organization
Corporation
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers.
National Australia Bank
Definition
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers.
National Australia Bank
National Australia Bank
National Australia Bank is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers.

Pronunciation

English

National Australia Bank

National Australia Bank
SpellingNational Australia Bank
Pronunciation[National Australia Bank]

Mentions

ANZ's NZ subsidiary is comparatively larger, accounting for more than 20 per cent of its parent's assets, than the National Bank of Australia-owned Bank of New Zealand at a bit over 14 per cent, Westpac's at 13.5 per cent and Commonwealth Bank of Australia-owned ASB Bank at not quite 11 per cent.

Over-lending is perhaps the most challenging short-term problem for the banks. Rumours are swirling about large rural loan books being offered at substantial discounts, in order to restore a balance to banks' lending mix. This indigestion from rural lending will play poorly in their Australia headquarters and, on top of bigger capital requirements, may just be the straw that breaks the camels back for NAB, the owner of the BNZ.

Angela Mentis, currently chief customer officer - business and private banking, at parent company National Australia Bank, will step up to become managing director and CEO of the BNZ.

Details of Mentis' pay were reported today as part of the National Australia Bank's annual financial report.

Ann Sherry was only handed the job of finding National Australia Bank's next chief executive a few days ago, but she's probably already drawn up a shortlist of three men and one woman who are the leading candidates for the top job.

Former NSW Premier Mike Baird has ruled himself out of the contest to be the next chief executive of National Australia Bank, as the lender edges closer to picking a new leader.

That was how she came to the attention of National Australia Bank - the Australian parent of BNZ.

New to Cofactor?

Cofactor is a large, structured listing of people, places, and things. Here you can find the description of each topic.

See also

See also: