National Australia Bank Ltd. (nab) history, profile and corporate video
National Australia Bank Ltd. (nab) is an Australian financial services company headquartered in Melbourne, Australia. It was formed in 1982 as National Commercial Banking Corporation of Australia Limited, by the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney.
National Bank of Australasia
The National Bank of Australasia was based in Melbourne and it was established in 1858.
Commercial Banking Company of Sydney Limited
The Commercial Banking Company of Sydney Limited was based in Sydney and it was established in 1834.
The company operates through the following business segments: Personal, Business, and Corporate.
The Personal segment involves transaction accounts, savings accounts, credit cards, nab visa debit cards, nab personal loans, home loans, insurance, and investments.
The Business segment includes services and products such as business accounts, loans and finance, business credit cards, payments and merchants, international & foreign exchange, and superannuation & insurance.
The Corporate segment involves solutions such as corporate lending, bonds, hybrids, syndicated loans, U.S. private placements and securitization, project finance and infrastructure, asset finance, trade and working capital, transactional banking services, asset and custody servicing, foreign exchange, interest rate derivatives, fixed income & credit, research, commodities, and investor solutions.
With more than 33 000 employees, National Australia Bank Ltd. is considered one of the largest business and retail banks in Australia by assets, as well as one of the largest financial institutions in Australia in terms of market capitalization, earnings and customers. According to Forbes, it is considered one of the top 2000 largest public companies in the world.
*Information from Forbes.com, Wikipedia.org, and ”www.nab.com.au”.
**Video published on YouTube by “nab“.