Original article by James Eyers
The Australian Financial Review – Page: 1 & 18 : 25-Mar-19
Business banking will be a key focus of National Australia Bank’s growth strategy, says incoming chairman Philip Chronican. He notes that NAB has the biggest presence in Australia’s business banking market, particularly in the small business sector. Chronican has also identified automation as an area in which NAB is lagging behind its rivals, and stresses the need to reduce costs. Other priorities for NAB include appointing a successor to former CEO Andrew Thorburn and restoring its reputation in the wake of the Hayne royal commission.
NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, WESTPAC BANKING CORPORATION – ASX WBC, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, FINANCE SECTOR UNION