National Australia Bank is an international financial services organisation providing an integrated and comprehensive range of financial products and services through its group of business. The retail brands of National Australia Bank include MLC, nab, Yorkshire bank, Clydesdale bank and Bank of New Zealand.
National Australia Bank aims to generate sustainable satisfactory returns by re-invigorating the franchise and brand, improving the core infrastructure, accelerating the cultural change around the corporate principles, enhancing the disciplined approach to performance improvement, improving the key stakeholder and regulatory management, strengthen capital and risk management and leverage the distinctive capabilities to create differential and new growth opportunities.
The wholesale funding strategy of National Australia Bank is designed to provide cost-effective funding to its member banks and National’s general banking business. The group funding process of National Australia Bank endeavours to diversify the funding based on geographic distribution, currency of issue, instrument, investor type and maturity profile. Securitisation is used by National Australia Bank to assist in achieving the group funding strategy. Securitisation of residential mortgages by National Australia Bank is accomplished through a separate vehicle called National RMBS trust.