# National Australia Bank Ltd

Summary updated: 2026-10-02T10:25:13.681593Z
Canonical: https://finbar.com/research/companies/national-australia-bank

## Overview

National Australia Bank Ltd (NAB) is a diversified banking group serving personal, business, private, corporate and institutional customers. Its core services include lending, deposits, cards, asset and lease finance, and markets services. The group is focused primarily on Australia and New Zealand, which accounted for 84% and 13% of gross loans and acceptances, respectively, in FY2025; its principal businesses are Business & Private Banking, Personal Banking, Corporate & Institutional Banking, and New Zealand Banking. [1](https://app.finbar.com/go?id=P15621821)

NAB describes its ambition as becoming Australia and New Zealand’s most customer-centric company, with customers first. [2](https://www.nab.com.au/about-us/careers/who-we-are) At 30 September 2025, it reported 41,880 employees. [3](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf) Its FY2025 cash earnings were A$7.091 billion; cash earnings are a non-statutory performance measure. [4](https://app.finbar.com/go?id=T3600040)[5](https://app.finbar.com/go?id=P156241516)
[1](https://app.finbar.com/go?id=P15621821)[2](https://www.nab.com.au/about-us/careers/who-we-are)[3](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf)[4](https://app.finbar.com/go?id=T3600040)[5](https://app.finbar.com/go?id=P156241516)[2](https://www.nab.com.au/about-us/careers/who-we-are)[3](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf)

## Products & services

NAB’s personal banking products include the NAB Classic Banking transaction account, which has no monthly account fee and provides app and Internet Banking access with a linked Visa Debit card, and the NAB Reward Saver savings account, which offers bonus interest subject to monthly deposit and no-withdrawal conditions. Its credit-card range includes NAB Rewards and Low Rate cards. [6](https://www.nab.com.au/personal/bank-accounts/transaction-accounts/nab-classic-banking)[7](https://www.nab.com.au/personal/bank-accounts/savings-accounts/nab-reward-saver)[8](https://www.nab.com.au/personal/credit-cards) Home-loan options include variable-rate loans with up to 10 linked offset accounts, extra repayments and loan splitting; fixed-rate loans permit up to $20,000 in extra repayments during the fixed term. Eligible variable loans may also provide redraw. [9](https://www.nab.com.au/personal/home-loans/nab-variable-rate-offset-home-loan)[10](https://www.nab.com.au/personal/home-loans/nab-fixed-rate-home-loan)[11](https://www.nab.com.au/personal/home-loans/redraw)

For business customers, NAB offers transaction and savings accounts, overdrafts, unsecured QuickBiz loans and overdrafts, and vehicle and equipment finance. [12](https://www.nab.com.au/business/business-bank-accounts)[13](https://www.nab.com.au/business/loans-and-finance) NAB Connect provides business payment and reporting functions, including payment files, payroll and direct-entry services, user permissions, foreign exchange, bank feeds and automated reporting. Merchant services cover EFTPOS and online payment acceptance; NAB Gateway integrates with more than 80 business platforms. Other business services include foreign-currency accounts, international transfers and trade finance. [14](https://www.nab.com.au/business/online-banking/nab-connect)[15](https://www.nab.com.au/business/payments-and-merchants)[16](https://www.nab.com.au/business/payments-and-merchants/ecommerce-and-online-payments)[17](https://www.nab.com.au/business/international-and-foreign-exchange)[18](https://www.nab.com.au/business/loans-and-finance/trade-and-invoice-finance/trade-finance)
[6](https://www.nab.com.au/personal/bank-accounts/transaction-accounts/nab-classic-banking)[7](https://www.nab.com.au/personal/bank-accounts/savings-accounts/nab-reward-saver)[8](https://www.nab.com.au/personal/credit-cards)[9](https://www.nab.com.au/personal/home-loans/nab-variable-rate-offset-home-loan)[10](https://www.nab.com.au/personal/home-loans/nab-fixed-rate-home-loan)[11](https://www.nab.com.au/personal/home-loans/redraw)[12](https://www.nab.com.au/business/business-bank-accounts)[13](https://www.nab.com.au/business/loans-and-finance)[14](https://www.nab.com.au/business/online-banking/nab-connect)[15](https://www.nab.com.au/business/payments-and-merchants)[16](https://www.nab.com.au/business/payments-and-merchants/ecommerce-and-online-payments)[17](https://www.nab.com.au/business/international-and-foreign-exchange)[18](https://www.nab.com.au/business/loans-and-finance/trade-and-invoice-finance/trade-finance)[6](https://www.nab.com.au/personal/bank-accounts/transaction-accounts/nab-classic-banking)[7](https://www.nab.com.au/personal/bank-accounts/savings-accounts/nab-reward-saver)[8](https://www.nab.com.au/personal/credit-cards)[9](https://www.nab.com.au/personal/home-loans/nab-variable-rate-offset-home-loan)[10](https://www.nab.com.au/personal/home-loans/nab-fixed-rate-home-loan)[11](https://www.nab.com.au/personal/home-loans/redraw)[12](https://www.nab.com.au/business/business-bank-accounts)[13](https://www.nab.com.au/business/loans-and-finance)[14](https://www.nab.com.au/business/online-banking/nab-connect)[15](https://www.nab.com.au/business/payments-and-merchants)[16](https://www.nab.com.au/business/payments-and-merchants/ecommerce-and-online-payments)[17](https://www.nab.com.au/business/international-and-foreign-exchange)[18](https://www.nab.com.au/business/loans-and-finance/trade-and-invoice-finance/trade-finance)

## Geographic presence

National Australia Bank’s principal operating markets are Australia and New Zealand. Its New Zealand Banking business serves customers nationwide, while NAB’s international office network includes Shanghai, Tokyo, Singapore, London and New York. [19](https://app.finbar.com/go?id=P30885542)[20](https://app.finbar.com/go?id=P38340654)[21](https://www.nab.com.au/corporate/global-relationships/contact-us)

The available reports do not provide a Group revenue split by customer geography. They report New Zealand Banking separately: net operating income was A$1,512 million in 1H26 and A$3,196 million in FY2025—about 13.9% and 15.4%, respectively, of Group net operating income in those periods; these are segment-income shares, not geographic revenue shares. [22](https://app.finbar.com/go?id=T12705046)[23](https://app.finbar.com/go?id=T1251015) NAB reported 29,557 employees in Australia as at 30 September 2025. [3](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf)
[19](https://app.finbar.com/go?id=P30885542)[20](https://app.finbar.com/go?id=P38340654)[22](https://app.finbar.com/go?id=T12705046)[22](https://app.finbar.com/go?id=T12705046)[23](https://app.finbar.com/go?id=T1251015)[23](https://app.finbar.com/go?id=T1251015)[21](https://www.nab.com.au/corporate/global-relationships/contact-us)[3](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf)

## Business segments

NAB’s FY2025 reportable segments were Business and Private Banking, Personal Banking, Corporate and Institutional Banking, New Zealand Banking, and Corporate Functions and Other. Shares below are approximate portions of FY2025 Group net operating income, calculated from the reported segment figures and Group total of A$20,813 million. Business and Private Banking focuses on SME customers, specialist business sectors, Private Banking and JBWere; its A$8,531 million represented about 41.0% [24](https://app.finbar.com/go?id=P114459586)[23](https://app.finbar.com/go?id=T1251015). Personal Banking provides personal banking products and services, including home loans, deposits, cards and personal loans, through branch, contact-centre, digital and broker channels; A$4,625 million, or about 22.2% [25](https://app.finbar.com/go?id=P119275099)[23](https://app.finbar.com/go?id=T1251015). Corporate and Institutional Banking serves complex financial needs through corporate finance, markets, transactional banking, payments and asset servicing; A$4,094 million, or about 19.7% [26](https://app.finbar.com/go?id=P55975400)[23](https://app.finbar.com/go?id=T1251015).

New Zealand Banking provides personal and business banking in New Zealand and includes BNZ Markets Trading and enabling units; A$3,196 million, or about 15.4% [20](https://app.finbar.com/go?id=P38340654)[23](https://app.finbar.com/go?id=T1251015). Corporate Functions and Other includes ubank and group enabling functions such as Treasury, Technology and Enterprise Operations, Data, Digital and Analytics, as well as consolidation eliminations; A$367 million, or about 1.8% [27](https://app.finbar.com/go?id=P46923985)[23](https://app.finbar.com/go?id=T1251015). Percentages are based on FY2025 net operating income; they may not sum to exactly 100% because of rounding.
[24](https://app.finbar.com/go?id=P114459586)[23](https://app.finbar.com/go?id=T1251015)[25](https://app.finbar.com/go?id=P119275099)[23](https://app.finbar.com/go?id=T1251015)[26](https://app.finbar.com/go?id=P55975400)[23](https://app.finbar.com/go?id=T1251015)[20](https://app.finbar.com/go?id=P38340654)[23](https://app.finbar.com/go?id=T1251015)[27](https://app.finbar.com/go?id=P46923985)[23](https://app.finbar.com/go?id=T1251015)[23](https://app.finbar.com/go?id=T1251015)[28](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2025-annual-report.pdf)

## Company history

National Australia Bank’s history traces to several predecessor banks: the Commercial Banking Company of Sydney, established in 1834, and the National Bank of Australasia, founded in Melbourne in 1858 and incorporated in 1893. The National Bank of Australasia and the Commercial Banking Company of Sydney merged in 1981, forming the National Commercial Banking Corporation of Australia, later renamed National Australia Bank. [29](https://www.nab.com.au/about-us)

NAB expanded internationally through a series of acquisitions, including Clydesdale Bank, Northern Bank and National Irish Bank in 1987, Yorkshire Bank in 1990, Bank of New Zealand in 1992 and Michigan National Corporation in 1995. [30](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-report-1996.pdf) In 2000 it acquired MLC, extending its presence in wealth management. [31](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-financial-report-2000.pdf) In 2008 it acquired Great Western Bank in the United States and launched UBank. [32](https://www.nab.com.au/content/dam/nab/documents/reports/financial/full-year-results-2008.pdf)

NAB sold Great Western Bank in 2015 and demerged its Clydesdale and Yorkshire Bank businesses as CYBG in 2016. [33](https://www.nab.com.au/about-us/shareholder-centre/cybg-demerger) In 2021, it acquired digital bank 86 400 Holdings, whose business and technology were integrated with UBank. [34](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2021-annual-financial-report.pdf)
[29](https://www.nab.com.au/about-us)[30](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-report-1996.pdf)[31](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-financial-report-2000.pdf)[32](https://www.nab.com.au/content/dam/nab/documents/reports/financial/full-year-results-2008.pdf)[33](https://www.nab.com.au/about-us/shareholder-centre/cybg-demerger)[34](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2021-annual-financial-report.pdf)[29](https://www.nab.com.au/about-us)[30](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-report-1996.pdf)[31](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-financial-report-2000.pdf)[32](https://www.nab.com.au/content/dam/nab/documents/reports/financial/full-year-results-2008.pdf)[33](https://www.nab.com.au/about-us/shareholder-centre/cybg-demerger)[34](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2021-annual-financial-report.pdf)

## Sources

1. [National Australia Bank Ltd — Presentation (2025 Y), p84](https://app.finbar.com/go?id=P15621821)
2. [www.nab.com.au](https://www.nab.com.au/about-us/careers/who-we-are)
3. [www.nab.com.au](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/2025-nab-group-entity-report.pdf)
4. [National Australia Bank Ltd — Presentation (2025 Y), p39](https://app.finbar.com/go?id=T3600040)
5. [National Australia Bank Ltd — Press release (2026 Q 3), p6](https://app.finbar.com/go?id=P156241516)
6. [www.nab.com.au](https://www.nab.com.au/personal/bank-accounts/transaction-accounts/nab-classic-banking)
7. [www.nab.com.au](https://www.nab.com.au/personal/bank-accounts/savings-accounts/nab-reward-saver)
8. [www.nab.com.au](https://www.nab.com.au/personal/credit-cards)
9. [www.nab.com.au](https://www.nab.com.au/personal/home-loans/nab-variable-rate-offset-home-loan)
10. [www.nab.com.au](https://www.nab.com.au/personal/home-loans/nab-fixed-rate-home-loan)
11. [www.nab.com.au](https://www.nab.com.au/personal/home-loans/redraw)
12. [www.nab.com.au](https://www.nab.com.au/business/business-bank-accounts)
13. [www.nab.com.au](https://www.nab.com.au/business/loans-and-finance)
14. [www.nab.com.au](https://www.nab.com.au/business/online-banking/nab-connect)
15. [www.nab.com.au](https://www.nab.com.au/business/payments-and-merchants)
16. [www.nab.com.au](https://www.nab.com.au/business/payments-and-merchants/ecommerce-and-online-payments)
17. [www.nab.com.au](https://www.nab.com.au/business/international-and-foreign-exchange)
18. [www.nab.com.au](https://www.nab.com.au/business/loans-and-finance/trade-and-invoice-finance/trade-finance)
19. [National Australia Bank Ltd — Partial financial report (2026 H 1), p50](https://app.finbar.com/go?id=P30885542)
20. [National Australia Bank Ltd — Full financial report (2025 Y), p158](https://app.finbar.com/go?id=P38340654)
21. [www.nab.com.au](https://www.nab.com.au/corporate/global-relationships/contact-us)
22. [National Australia Bank Ltd — Partial financial report (2026 H 1), p67](https://app.finbar.com/go?id=T12705046)
23. [National Australia Bank Ltd — Full financial report (2025 Y), p159](https://app.finbar.com/go?id=T1251015)
24. [National Australia Bank Ltd — Full financial report (2025 Y), p158](https://app.finbar.com/go?id=P114459586)
25. [National Australia Bank Ltd — Full financial report (2025 Y), p158](https://app.finbar.com/go?id=P119275099)
26. [National Australia Bank Ltd — Full financial report (2025 Y), p158](https://app.finbar.com/go?id=P55975400)
27. [National Australia Bank Ltd — Full financial report (2025 Y), p158](https://app.finbar.com/go?id=P46923985)
28. [www.nab.com.au](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2025-annual-report.pdf)
29. [www.nab.com.au](https://www.nab.com.au/about-us)
30. [www.nab.com.au](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-report-1996.pdf)
31. [www.nab.com.au](https://www.nab.com.au/content/dam/nabrwd/documents/reports/corporate/annual-financial-report-2000.pdf)
32. [www.nab.com.au](https://www.nab.com.au/content/dam/nab/documents/reports/financial/full-year-results-2008.pdf)
33. [www.nab.com.au](https://www.nab.com.au/about-us/shareholder-centre/cybg-demerger)
34. [www.nab.com.au](https://www.nab.com.au/content/dam/nab/documents/reports/corporate/2021-annual-financial-report.pdf)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.