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National Australia Bank Ltd (NAL.SG)

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20.84

-0.26

(-1.26%)

At close: February 28 at 8:11:42 AM GMT+1

National Australia Bank Shares Tumble as Competition Bites

(Bloomberg) -- National Australia Bank Ltd.’s shares slid as much as 8.6% after first quarter earnings declined due to competition that pinched margins, while credit impairments rose at the nation’s biggest business lender.Most Read from BloombergWhy Barcelona Bought the Building That Symbolizes Its Housing CrisisPor qué Barcelona compró el edificio que simboliza su crisis inmobiliariaTrump Child Refugee Agency Shares Data With Immigration EnforcersA Filmmaker’s Surreal Journey Into His Own Priv

Bloomberg 10 days ago

NABZY
-0.36%
NAB’s Earnings Hit by Higher Business-Loan Impairments

Chief Executive Andrew Irvine said the economic outlook is improving, “but cost of living and interest rate challenges persisted.”

The Wall Street Journal 10 days ago

NAB.AX

NABPF.AX

NABPH.AX
Borrowing strain hits Q1 profit at Australia's NAB, shares dive

SYDNEY (Reuters) -National Australia Bank, the country's biggest business lender, said on Wednesday that first-quarter profit slipped as competition for customers ate into margins and more borrowers fell behind on repayments, sending its shares tumbling. The result amounts to what Australian banks hope is the end of a tough period dominated by rising arrears and margin sacrifices to win inflation-weary customers after interest rates rose 13 times since 2022 to the highest level in 13 years. Australia's central bank announced its first rate cut in five years on Tuesday, a relief for borrowers but too late for this earnings season.

Reuters 10 days ago

NABZY
-0.36%
Dollar Adds to Gains as Trump Amps Up Rhetoric on Trade

(Bloomberg) -- Investors rushed into safe haven-assets on Monday, buying the US dollar and gold as US President Donald Trump threatened to impose tariffs on steel and aluminum imports.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSTh

Bloomberg 18 days ago

NAB.AX

NABPF.AX

NABPH.AX
National Australia Bank (ASX:NAB) shareholders have earned a 14% CAGR over the last five years

Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the...

Simply Wall St. 30 days ago

NAB.AX

NABPF.AX

NABPH.AX
JBWere teams up with UBS to roll out fixed income funds

The new products are UBS JBWere Australian Credit Fund and UBS JBWere International Credit Fund.

Private Banker International 2 months ago

UBS

NABZY
-0.36%
BNZ invests in payments technology firm Centrapay

This move builds on the existing partnership, which has resulted in the creation of Payap.

Electronic Payments 2 months ago

NABZY
-0.36%
NAB faces lawsuit over financial hardship response delays

ASIC alleged that NAB missed the 21-day legal deadline for 345 hardship applications between 2018 and 2023.

Retail Banker International 3 months ago

NABZY
-0.36%
WEBNF
Australia regulator sues NAB for ignoring hardship application deadlines

Shares in NAB slipped as much as 1.9% to A$38.98 in early trade, largely in-line with a 1.2% fall in the broader financial sub-index. The Australian Securities and Investments Commission (ASIC) claims that NAB and its unit AFSH Nominees failed to meet the legal 21-day deadline for responding to 345 hardship applications over a five-year period from 2018 to 2023. Among those affected by NAB's delayed responses were individuals facing severe personal challenges, such as survivors of domestic abuse, those struggling with grave health issues, and people coping with unemployment or the closure of their businesses, ASIC said.

Reuters 3 months ago

NABZY
-0.36%
National Australia Bank's (ASX:NAB) Dividend Will Be Increased To A$0.85

National Australia Bank Limited ( ASX:NAB ) will increase its dividend from last year's comparable payment on the 16th...

Simply Wall St. 3 months ago

NAB.AX

NABPF.AX

NABPH.AX
National Australia Bank Full Year 2024 Earnings: Revenues Beat Expectations

National Australia Bank ( ASX:NAB ) Full Year 2024 Results Key Financial Results Revenue: AU$19.5b (down 1.6% from FY...

Simply Wall St. 3 months ago

NAB.AX

NABPF.AX

NABPH.AX
BNZ acquires New Zealand fintech BlinkPay

BlinkPay will retain its leadership, decision-making, and startup culture.

Retail Banker International 3 months ago

NABZY
-0.36%
Australia's NAB annual profit dips, signals inflation risks under Trump

SYDNEY (Reuters) -National Australia Bank said annual profit fell in line with forecasts as it shied from margin-crushing competition, and there was a risk inflation could remain stronger for longer from Donald Trump's upcoming return to the U.S. presidency. Australia's biggest business lender and its No. 3 retail lender said customers were mostly surviving the toughest point of the economic cycle and the country's next interest rate move would be down, although late loan repayments were rising among home and business borrowers. Trump's election victory could hurt the global economy by sparking a trade war with China due to a policy of raising tariffs, the Melbourne-based bank said, adding his plan to cut regulation may stoke inflation and keep interest rates higher for longer.

Reuters 3 months ago

NABZY
-0.36%
Collinson and NAB partner to boost offering to credit card users in Australia

Collinson will offer global airport lounge access in the event of a flight delay to NAB’s Rewards Signature customers in Australia

Electronic Payments 5 months ago

NABZY
-0.36%
Australia's NAB posts profit dip, investors cheer margin stability

(Reuters) -National Australia Bank, the country's No. 3 lender by total loans, reported on Friday that profit fell in the June quarter as inflation pushed up costs and stoked competition, but said that a measure of core operating margins held steady, sending its shares higher. The company, which is Australia's top business lender as well as a top-tier mortgage provider, warned of a deterioration in its business banking portfolio where "non-performing" loans reached the highest in at least two years. But it said in a limited third-quarter trading update that its net interest margin (NIM) - a closely-watched measure of bank performance which compares interest payments received on loans minus interest paid out to deposit holders - had held steady since the first two quarters.

Reuters 6 months ago

NABZY
-0.36%
Investing in National Australia Bank (ASX:NAB) three years ago would have delivered you a 70% gain

One simple way to benefit from the stock market is to buy an index fund. But if you pick the right individual stocks...

Simply Wall St. 7 months ago

NAB.AX

NABPF.AX

NABPH.AX
NAB and Plenti launch PayTo

The new payment option uses NAB’s Pay by Bank solution developed by global fintech Banked

Electronic Payments 7 months ago

NABZY
-0.36%
National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody

NAB Ventures made an undisclosed investment in Zodia Custody, which is also backed by Standard Chartered, Northern Trust and SBI Holdings.

CoinDesk 8 months ago

NABZY
-0.36%
Australian Vintage raises A$15m through share offer

As of 31 December, the group’s net debt was A$53.7m.

Just Drinks 8 months ago

NABZY
-0.36%
A2A payments will likely challenge the dominance of cards in Australia

Card payments are at risk of losing market share to pay by bank, account-to-account payments says Blandina Hanna Szalay

Electronic Payments 8 months ago

NABZY
-0.36%
GLDAF

Performance Overview

Return	NAL.SG	S&P/ASX 200 [XJO]
YTD	-5.89%	+0.16%
1-Year	+11.20%	+6.15%
3-Year	+45.93%	+15.16%

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National Australia Bank Ltd (NAL.SG)

National Australia Bank Shares Tumble as Competition Bites

NAB’s Earnings Hit by Higher Business-Loan Impairments

Borrowing strain hits Q1 profit at Australia's NAB, shares dive

Dollar Adds to Gains as Trump Amps Up Rhetoric on Trade

National Australia Bank (ASX:NAB) shareholders have earned a 14% CAGR over the last five years

JBWere teams up with UBS to roll out fixed income funds

BNZ invests in payments technology firm Centrapay

NAB faces lawsuit over financial hardship response delays

Australia regulator sues NAB for ignoring hardship application deadlines

National Australia Bank's (ASX:NAB) Dividend Will Be Increased To A$0.85

National Australia Bank Full Year 2024 Earnings: Revenues Beat Expectations

BNZ acquires New Zealand fintech BlinkPay

Australia's NAB annual profit dips, signals inflation risks under Trump

Collinson and NAB partner to boost offering to credit card users in Australia

Australia's NAB posts profit dip, investors cheer margin stability

Investing in National Australia Bank (ASX:NAB) three years ago would have delivered you a 70% gain

NAB and Plenti launch PayTo

National Australia Bank’s Venture Arm Invests in Crypto-Focused Zodia Custody

Australian Vintage raises A$15m through share offer

A2A payments will likely challenge the dominance of cards in Australia

Performance Overview