NATIONAL AUSTRALIA BANK

The 'National Australia Bank' or 'nab' (, , , ) colloquially ''the National'' or ''the NAB''. The NAB is part of the NAB Group. It is the largest bank in Australia by assets, and 28th largest in the world.

Contents

Core business

History

National Bank Limited

Commercial Banking Company of Sydney

1980-2000 merger and rapid overseas expansion

HomeSide

Foreign currency options losses

Tax evasion and customer overcharging in Ireland

Post 2005

Sponsorship

Leadership in Customer Relationship Management

References

External links

Core business

The National Australia Bank Group is organised around three regions: Australia (inc. Asia), UK/Europe and New Zealand. These regional business units include retail banking, business banking, wealth management and ''nabCapital''.

History

NAB as we know it today was formed in 1981 following the merger of National Bank Limited with the Commercial Banking Company of Sydney.

National Bank Limited

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),