National Australia Bank | Nab Internet Banking | Nab Online Banking At Nab.com.au
National Australia bank is a public liability company which was founded in the year 1982 as national commercial Banking Corporation of Australia limited. The bank first traded as ASX: NAB in the banking and financial services industry.
The headquarters of national Australia bank is at No 700 Bourke Street, Docklands, and Melbourne Street, Australia.
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia in terms of market capitalization and customers.
For Nab Internet Banking, Nab Online Banking click here or visit nab.com.au.
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History Of National Australia Bank
The merger of National Bank of Australasia and the Commercial Banking Company of Sydney turned the national commercial banking corporation of Australia to national Bank of Australia in the year 1982.
The merged entity triggered significant offshore expansion over ensuing years. Representative offices were established in Beijing (1982), Chicago (branch 1982), Dallas (1983).
The opened up Seoul office (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). The rest are; Shanghai (1988, closed 1990), Houston (1989) and New Delhi (1989).
This period of rapid expansion through acquisition concluded with the purchases in 1997 of Home Side Lending, a leading US mortgage originator, and servicer based in Florida. Most significantly is the acquisition in 2000 of MLC Limited (and related MLC entities) for $4.56bn, one of the biggest mergers in Australian corporate history.
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Nonetheless, National Australia Bank encountered a difficult period in the period of 2000–2005. In 2000, National Australia Bank sold Michigan National Bank to ABN AMRO, then in 2001 sold HomeSide’s operating assets for US$1.9b to Washington Mutual, the largest US savings, and loan company, as well as the mortgage unit’s loan-servicing technology and operating platform.
All these changes resulted in changing the executive positions as, Frank Cicutto who was CEO of NAB from 1999 to 2004 and Charles Allen as chairman were moved out of power as a result of what Catherine Walters who was the whistle blower of a revolt passed during franks regime on the ground of currency fraud.
John Stewart was appointed CEO of NAB In February 2004, following the sacking of Frank Cicutto John proceeded with a far-reaching reorganization of the company along regional lines leading to the appointment of Ahmed Fahour as the CEO of Australia in September 2004.
National Bank of Australia began to outsource back office positions offshore, beginning with a pilot with 23 jobs from the accounts payable department in Melbourne going to Bangalore, India in an agreement with Accenture. Later that year, it sold Northern Bank and National Irish Bank to the Danish Danske Bank. Over 200 additional jobs had been sent offshore by 2006.
Presently, Kenneth R. Henry is the chairman of national Australia bank, and Andrew Thorburn is the chief executive officer.
NUMBER OF EMPLOYEES: NAB has a total number of 35,063 staff.
PRODUCTS AND SERVICES | Nab Internet Banking
National Bank of Australia provides its customers with Business banking, consumer banking, wholesale banking, wealth management and insurance.
The National Australia bank has the following segments; Australian Banking, NZ Banking, NAB Wealth, and Corporate Functions and Others.
Website | Nab Online Banking
The official website where you can complete your Nab Internet Banking, Nab Online Banking is www.nab.com.au
|Revenue||A$ 20.176 billion (2015)|
|Net income||A$ 6.357 billion (2015)|
|Total assets||A$ 945.0 billion (2015)|