National Australia Bank
 |
|
| Public | |
| Traded as | ASX: NAB |
| Industry | Banking, Financial services |
| Founded | 1982 (as National Commercial Banking Corporation of Australia Limited) |
| Headquarters | 700 Bourke Street Docklands, Melbourne, Australia |
|
Area served
|
Australia, New Zealand, Asia |
|
Key people
|
Kenneth R Henry AC (Chairman) Andrew Thorburn (CEO) |
| Products |
Business banking Consumer banking Wholesale banking Wealth management Insurance |
| Revenue |  A$ 20.176 billion (2015) |
| A$ 6.357 billion (2015) |
|
| Total assets | A$ 945.0 billion (2015) |
|
Number of employees
|
35,063 (2016) |
| Website | www |
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia in terms of market capitalisation and customers. NAB was ranked 21st largest bank in the world measured by market capitalisation and 41st largest bank in the world as measured by total assets in 2014. NAB operates 1,590 branches and service centres and 4,412ATMs across Australia, New Zealand and Asia serving 12.7 million customers.
NAB has a "AA-" long term issuer rating by Standard & Poor's.
National Australia Bank was formed as National Commercial Banking Corporation of Australia Limited in 1982 by the merger of National Bank of Australasia and the Commercial Banking Company of Sydney. The resulting company was subsequently renamed National Australia Bank Limited.
The expanded financial base of the merged entity triggered significant offshore expansion over ensuing years. Representative offices were established in Beijing (1982), Chicago (branch 1982), Dallas (1983), Seoul (1983, upgraded to a branch in 1990), San Francisco (1984), Kuala Lumpur (1984), Athens (1984, closed 1989), Frankfurt (1985, closed 1992), Atlanta (1986), Bangkok (1986), Taipei (1986 upgraded to branch 1990), Shanghai (1988, closed 1990), Houston (1989) and New Delhi (1989).
In 1987, NAB bought Clydesdale Bank (Scotland) and Northern Bank (Northern Ireland and Republic of Ireland) from Midland Bank. It rebranded Northern Bank branches in the Republic of Ireland to National Irish Bank and changed both banks' logos from that of the Midland Bank. In 1990, NAB bought Yorkshire Bank (England and Wales).
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Wikipedia