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Last update: 2016-09-19 11:26:22
Johan Frijns, BankTrack
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The National Australia Bank Group is one of the four biggest banks of Australia. It was founded in 1982 as the National Commercial Banking Corporation of Australia Limited. The Group is structured around regional banking and wealth management operations, active in international capital markets and institutional banking business. Its subsidiaries included:
- Australia - NAB and MLC;
- United Kingdom - Clydesdale Bank and Yorkshire Bank;
- New Zealand - Bank of New Zealand;
- United States of America - Great Western Bank (sold in 2015).
At the end of 2015 NAB controlled assets worth AUD945 billion. In its 2015 annual financial report NAB announced its strategy to exit the UK banking business and start the process of demerging Clydesdale and Yorkshire bank. The bank's focus will be on Australia and New Zealand.
800 Bourke St W, Docklands
Victoria 3008 Melbourne
Andrew Thorburn |
Annual Financial Report 2015|
Dig Deeper 2015
listed on Australian Securities Exchange
Publicly listed in Australia and overseas.
Voluntary initiativesNAB has committed itself to the following voluntary standards:
Go here for an overview of the bank's sustainability policies.
BankTrack campaigns and NAB
True leader Front runner Follower Laggard
BankTrack has assessed NAB on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. NAB is assessed as a Laggard, with a total score of 3/12.
Implementation and reporting
NAB is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
NAB moves in the right direction on Land Grabs
In November Oxfam congratulated National Australia Bank on taking a significant step forward in playing their part to stop unfair land deals that leave people around the world homeless and hungry. The NAB took the step of releasing a policy on improper land acquisitions which clearly outlines what actions the bank will take to seek to ensure their business dealings respect land rights. Read the Oxfam Australia news story.