Saturday, April 23, 2011

National Australia Bank Limited - Australia



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National Australia Bank (abbreviated NAB, branded nab) is one of the four largestfinancial institutions in Australia in terms of market capitalisation and customers. NAB is ranked 17th largest bank in the world measured by market capitalisation. It operates across 10 countries serving 8.3 million consumer and business banking customers and over 2.3 million wealth management customers.NAB operates 1,808 branches and service centres and 4654 ATMs globally.NAB has a "AA-" long term issuer rating by Standard & Poor's.
                             In 1858 Alexander Gibb, a Melbourne gentleman, enlisted Andrew Cruickshank, a local merchant and pastoralist, to raise the capital to establish National Bank of Australasia with headquarters in Melbourne. Cruickshank became its first chairman while Gibbs left after being passed over for the position of General Manager. The bank opened its first branch in South Australia the same year.Expansion to other Australian states followed, with branches opening in Tasmania (1859),Western Australia (1866), New South Wales (1885) and finally Queensland (1920).An early branch established in Mauritius (1859) closed within a year, but a London branch (1864), established to handle financing and payment for Australian exports of wool, gold and other commodities, and imports to Australia, was more successful.

Type Public
Traded as
ASX: NAB
Industry           Banking
Founded          1893
Headquarters  800 Bourke Street
Docklands, Victoria, Australia
Area served     Australia, New Zealand, UK, USA, Asia
Key people      Cameron Clyne, (CEO)
Michael Chaney, (Chairman)
Products          Business Banking
Consumer Banking
Wholesale Banking
Wealth Management
Website           National Australia Bank



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