Financial Data and Key Metrics Changes - The interim dividend of $0.84 represents 74% of cash earnings for the half, reflecting a stable performance despite competitive pressures [27] - Cash earnings fell 3.1% over the half, with lower impairment charges offset by an increase in the effective tax rate [41] - The common equity Tier 1 (CET1) ratio stands at 12.15%, comfortably above the target range of 11% to 11.5% [28][51] Business Line Data and Key Metrics Changes - Underlying profit in Personal Banking declined by 9% this half, while New Zealand Banking delivered a strong performance with a 4% increase in underlying earnings [42] - The Corporate and Institutional Banking division saw an increase in return on equity (ROE) of 520 basis points to 16.3% over the last three years [31] - Business lending grew by 35% over three years, with total business deposits growing well above the system [32] Market Data and Key Metrics Changes - The Australian housing lending market remains highly competitive, with margins under pressure, but there are signs of stabilizing margins due to improved front book pricing [36] - The overall economic environment in Australia is holding up, with real GDP growth expected to remain below trend rates of less than 2% in 2024 [76] - The liquidity coverage ratio (LCR) is slightly lower at 139%, reflecting a reduced level of average liquid asset holdings [75] Company Strategy and Development Direction - The company aims to maintain a disciplined approach to growth while focusing on customer-centricity and simplification of processes [53] - There is a strong emphasis on improving digital capabilities and customer experiences, particularly in unsecured lending and business banking [46][67] - The company plans to continue its on-market share buyback program, increasing it by $1.5 billion, reflecting strong capital levels [28][51] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenges posed by higher interest rates and inflation on households, but remains optimistic about the resilience of the Australian economy [76] - The company is focused on supporting customers facing financial difficulties and has seen a rise in demand for assistance from community organizations [29] - Management emphasizes the importance of disciplined execution and continuous improvement in customer service and operational efficiency [53][66] Other Important Information - Credit impairment charges reduced to $363 million or 10 basis points of gross loans and advances, reflecting a mix of volume growth and asset quality deterioration [37][50] - The company has released $40 million from forward-looking provisions, indicating an improved outlook for certain sectors [50] - The company has been actively working on fraud prevention, recovering over $260 million in scam losses for customers since September 2021 [44] Q&A Session Summary Question: Capital levels and buyback strategy - The company is comfortable operating within the target range of 11% to 11.5% for CET1 ratio, even after the buyback [55][56] Question: Customer-centricity and NPS performance - Management acknowledges a decline in the Net Promoter Score (NPS) and attributes it to KYC remediation efforts, emphasizing the need for better management of customer interactions [57][66] Question: Business & Private Bank pipeline and SME growth - The immediate pipeline for SME growth remains strong, but management anticipates a moderation in growth later in the year [63] Question: Impact of interest rates on ROE - The return on equity has benefited from rising interest rates, but management is mindful of potential declines in a lower rate environment [65]

National Australia Bank Ltd. (NABZY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individu ...

Several megatrends are shaping financial services, Nilesh Dusane, global head of institutional payments at AWS, and Shane Conway, executive general manager of transaction banking, enterprise payments and asset servicing at National Australia Bank, told Karen Webster.The digitization of banking is creating new customer experiences for consumers but also for small businesses. The form factors being used for payments are shifting from checks, cash and cards to mobile devices.And increasingly everyone wants a r ...

National Australia Bank Ltd (OTCPK:NABZY) Q4 2023 Earnings Conference Call November 8, 2023 6:30 PM ET Company Participants Sally Mihell - Head, IR Ross McEwan - Group CEO, MD & Director Nathan Goonan - Group CFO Conference Call Participants Andrew Triggs - JPMorgan Chase & Co. Jonathan Mott - Barrenjoey Andrew Lyons - Goldman Sachs Group Victor German - Macquarie Research Brendan Sproules - Citigroup Matthew Wilson - Jefferies Matthew Dunger - Bank of America Merrill Lynch Richard Wiles - Morgan Stanley Br ...

Financial Data and Key Metrics Changes - The company reported a strong financial performance with a revenue growth of 11.2% compared to the second half of 2022, driven by higher margins and volume growth [7][24] - Underlying earnings increased by 18.4% and cash earnings rose by 12.3% over the half, with cash earnings up 17% compared to the same period last year [8][9] - The interim dividend was increased by $0.05 to $0.83, representing 64% of cash earnings, slightly below the target range for the dividend payout policy [8] Business Line Data and Key Metrics Changes - Business and Private Banking saw a 14.8% increase in underlying profit, contributing over 40% to the total growth in the group's underlying profit [9] - Corporate and Institutional Banking experienced a 20% increase in underlying profit, driven by increased revenue in the markets business [9] - Personal Banking and New Zealand Banking delivered good results despite a challenging environment [9] Market Data and Key Metrics Changes - The company's CET1 ratio increased by 70 basis points to 12.21%, well above the target range of 11% to 11.5% [10][42] - The collective provision balance as of March 31 was 1.42% of credit risk-weighted assets, with $1.4 billion of forward-looking provisions added since September 2019 [11][32] - The housing portfolio has an average dynamic LVR of 43%, with only 1.1% of loans in negative equity [11] Company Strategy and Development Direction - The company is focused on executing a long-term strategy aimed at delivering sustainable and safe growth for shareholders, with deliberate choices about where to invest [7][12] - Investment in private banking and other target segments continues, while growth in home lending is being moderated due to current market dynamics [7][12] - The integration of previous acquisitions, including Citi Consumer Business and 86 400, is a priority to deliver transaction benefits [48] Management's Comments on Operating Environment and Future Outlook - The management acknowledged that higher rates and inflation are expected to weigh on household budgets and slow the Australian economy, but the pace and timing of the slowdown remain uncertain [6][46] - The company remains cautiously optimistic about the Australian economy, forecasting around 1% GDP growth for the next two years [46] - Supporting customers and colleagues remains the top priority, with a strong balance sheet positioned well for future volatility [47] Other Important Information - The company has seen a 10.3% growth in business lending in Business and Private Banking over the past 12 months [16] - The private wealth business is a key differentiator, ranking number one for high net worth customers among major peers [14] - The company is actively addressing increased fraud and scams, which have become a significant concern for customers [15][16] Q&A Session Summary Question: NIM trends and competitive pressures - The NIM was down 4 basis points in the second quarter, with competitive pressures impacting the second quarter NIM significantly [50][51] - The decline in NIM was primarily due to back book repricing and increased competition in savings accounts [52][54] Question: Retention pricing pressures - Approximately 20% of the book may not be impacted by repricing due to being ahead of schedule, with back book repricing about one-third complete [59][60] Question: Capital position and buyback considerations - The company is in a strong capital position but has decided to pause on further buybacks to assess market conditions [70][72] Question: Cashbacks and loan length trends - The company prefers to compete on service delivery rather than cashbacks, and there are early signs of lengthening loan tenors [76][78]

National Australia Bank Limited (OTCPK:NABZY) Q3 2022 Earnings Conference Call November 8, 2022 6:30 PM ET Company Participants Sally Mihell - Head of IR Ross McEwan - Group CEO Gary Lennon - Group CFO Andrew Irvine - Group Executive, Business and Private Banking David Gall - Group Executive, Corporate and Institutional Banking Rachel Slade - Group Executive, Personal Banking Conference Call Participants Jarrod Martin - Credit Suisse Andrew Lyons - Goldman Sachs Jonathan Mott - Barrenjoey Victor German - Ma ...

FULL YEAR RESULTS 2021 Investor Presentation 9 November 2021 Ross McEwan Chief Executive Officer Gary Lennon Chief Financial Officer © 2021 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 NAB 2021 FULL YEAR RESULTS INDEX This presentation is general background information about NAB. It is intended to be used by a professional analyst audience and is not intended to be relied upon as financial advice. Refer to page 127 for legal disclaimer. Financial information i ...

National Australia Bank Limited (OTCPK:NABZY) Q3 2021 Results Conference Call November 8, 2021 6:30 PM ET | --- | |-------------------------------------------| | | | Company Participants | | Sally Mihell - Head of Investor Relations | | Ross McEwan - Group CEO | | Gary Lennon - Group CFO | | Conference Call Participants | | Andrew Triggs - JPMorgan | | Andrew Lyons - Goldman Sachs | | Brian Johnson - Jefferies | | Victor German - Macquarie | | Matthew Wilson - BNP | | Brendan Sproules - Citi | | Richard Wil ...

National Australia Bank Limited (OTCPK:NABZY) Q2 2021 Results Conference Call May 5, 2021 8:30 PM ET Company Participants Sally Mihell - IR Ross McEwan - Group CEO Gary Lennon - Group CFO Conference Call Participants Jarrod Martin - Credit Suisse Andrew Triggs - JP Morgan Andrew Lyons - Goldman Sachs Victor German - Macquarie Brendan Sproules - Citi Richard Wiles - Morgan Stanley Brian Johnson - Jefferies Ed Henning - CLSA Matt Ingram - Bloomberg Intelligence Operator Thank you for standing by, and welcome ...

V-AI RE 2021 Investor Presentation 6 May 2021 Ross McEwan Chief Executive Officer Gary Lennon Chief Financial Officer ©2021 National Australia Bank Limited ABN 12 004 044 937 AFSL and Australian Credit Licence 230686 Divisional Performances 32 Technology & Operations Update 49 Long Term: A Sustainable Approach 52 Australian Business Lending 59 Australian Housing Lending 63 Other Australian Products 70 Group Asset Quality 73 Capital & Funding 90 Economics 103 Other Information 111 NAB 2021 HALF YEAR RESULTS ...