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Looking for a new financial institution? Not sure which one to do business with? Take a top level look at the National Australia Bank (NAB).
NAB, as the former National Australia Bank has preferred to be known since 2005, is Australia's largest bank in terms of assets. Starting life as the National Bank of Australasia in Melbourne in 1858, the NAB is more widely part of the NAB Group – a collection of international financial services organisations that provide an integrated range of financial products and services, through banks including the Bank of New Zealand and MLC.
NAB products and services
As Australia's largest bank, a full range of financial services are offered by the National. On the personal banking side of things, credit cards, home, car, and personal loans packages are extensive (including the NAB investment loan, currently at 7.14 percent per annum). Numerous insurance options and superannuation packages are also covered. Business needs are well catered for, from loans and leasing to transaction services, to the agri-business arm of the institution. NAB Capital focuses on debt, risk management and investment products for corporate and institutional customers.
NAB was named Business Bank of The Year by CFO Magazine in 2006 – a welcome award after negative media coverage in 2004, when $360 million was lost by unauthorised foreign trading by four options traders. The CEO and Chairman of the Board stepped down, and Ahmed Fahour was appointed as the new Chief Executive Officer. After all the turmoil, 2006 saw NAB post an industry record $4.3bn profit.
Contact NAB
Level 34, 500 Bourke Street,
Melbourne VIC 3000
Phone: (03) 8641 4160
Fax : (03) 8641 4927