[WorldKings - Wowtimes - Almanac Events & Achievements 2023] Impressive milestones in 41 years of development of National Australia Bank Ltd., Australia’s largest business bank (1982)

06-01-2023

(Wowtimes.org) National Australia Bank Limited provides banking financial solutions. The Company offers internet banking, accounts, insurance, credit cards, home loans, and personal loans. It serves the financial needs of its Australian, New Zealand and global customers.

National Australia Bank Ltd. (abbreviated as NAB) is one of the four largest financial institutions in Australia (colloquially referred to as "The Big Four") in terms of market capitalisation, earnings and customers. NAB was ranked 21st-largest bank in the world measured by market capitalisation and 52nd-largest bank in the world as measured by total assets in 2019.

 

National Australia Bank Ltd. is an international financial services company, which provides a comprehensive range of banking and financial services in Australia, New Zealand, the United Kingdom and Asia. It operates through the following business segments: Business Banking, Personal Banking, Wholesale Banking, NAB Wealth and NZ Banking.

The company also provides credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management, life insurance and custodian trustee and nominee services.

The company’s milestones:

In 1982: National Bank of Australasia Limited merged with The Commercial Banking Company of Sydney Limited to form National Commercial Banking Corporation of Australia Limited and subsequently changed its name to National Australia Bank Limited (NAB).

In 2006: NAB was named the winner of the IFS/Cap Gemini Financial Innovation awards for its CRM system, internally called “National Leads”.

 

In October 2008: NAB launched a branchless direct bank trading separately as “UBank” under the leadership of Greg Sutherland and Gerd Schenkel.

In 2009:

NAB announced "nearly 10,000 new customers in a month" for UBank's USaver product.

In December 2009, UBank's USaver online savings account was awarded "Best of the Best" by Money Magazine.

 

In 2011:

In February 2011, UBank launched its first home loan product (called “UHomeloan”). Only 10 days after its launch, UBank reduced the loan interest rate by 0.10%/year.

In October 2011, UBank won the BAI Financial Global Product Innovation Award for its UHomeloan refinancing mortgage.

In 2012: In the Australian Loan Awards 2012, UBank was honored as the Best Online Operator.

As of January 2019: NAB operated 3,500 Bank@Post locations—including 7,000+ ATMs across Australia, New Zealand, and Asia—and served 9 million customers.

 

According to Wikipedia


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