A Quick Look at National Australia Bank’s Annual General Meeting

  • Dec 20, 2018 AEDT
  • Team Kalkine
A Quick Look at National Australia Bank’s Annual General Meeting

On December 19, 2018, National Australia Bank (ASX: NAB) came forward and issued a press release which focused on the information about annual general meeting or AGM. It can be said that the FY 2018 was indeed a difficult year for the broader banking sector. As per the press release issued, the management of National Australia Bank is inclined towards making the bank which could be the preferred option of the customers. The press release also stated that the board of National Australia Bank has also considered the amendments with regards to the senior executives’ remuneration. The management also stated that they are committed towards controlling the factors which are under their control. They have maintained their focus on the deployments towards key avenues as well as accurate future planning. However, the bank has also been working towards the executive leadership.

As demonstrated by the bank’s FY 2018 results, the year got a hit because of the customer-related remediation as well as costs with regards to the restructuring. However, the bank’s revenues witnessed the favourable momentum thanks to the margins as well as favourable momentum in the lending. The bank had also stated favourable views with respect to the balance sheet variables as well as asset quality. As stated in the FY 2018 results by the management of National Australia Bank, they are expected to reach the target which was set by APRA or Australian Prudential Regulation Authority with regards to the CET 1. By January 2020, this regulatory body had stated that CET 1 of 10.5% needs to be maintained.

The management of National Australia Bank had stated that its processes as well as systems should be further improved because of the competitive landscape as well as changing expectations of the customers. The management of the bank had stated that even though there have been economic hurdles, the overall business conditions are presently at the place which happens to be above long run average. The bank needs to convert this to the robust business confidence as well as investment with the help of the customer engagement. As showcased by the bank’s FY 2018 results, the earnings of its business and private banking business witnessed favourable momentum on the YoY basis because of the positive momentum in the revenues which were supported by the increased margins as well as robust momentum with regards to the SME business lending. In the release depicting the FY 2018 results, the bank had stated that the economies of New Zealand as well as Australia are expected to witness favourable momentum.

Let us see how the stock has performed on December 19, 2018. National Australia Bank, on the said date, had ended these session in green and the stock price settled at A$23.320 per share which depicts the rise of A$0.190 per share or 0.821%. The annual dividend yield of National Australia Bank happens to be 8.56%. However, its market capitalisation stood at $63.24 billion.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK