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Treasury

National Australia Bank to Issue 15 billion Yen Subordinated Fixed Reset Notes

National Australia Bank (ASX:NAB) will issue 15 billion yen subordinated fixed reset notes due September 2036 under its $100 billion global medium term note program, according to a Monday filing with the Australian bourse.The notes will convert to fully paid shares if the Australian Prudential Regulation Authority determines it necessary to prevent the issuer from becoming non-viable, the filing said.

ASX:NAB
Asia

Banks Help Businesses Prepare for RBA's Card Surcharge Changes, Australian Banking Association Says

The Reserve Bank of Australia's (RBA) card surcharge reforms are planned to take effect from Oct. 1, and Australian banks are working with businesses to prepare for these changes, Australian Banking Association Chief Executive Simon Birmingham said, according to a Monday statement.Under the reforms, businesses will no longer be allowed to add a surcharge when customers pay with eftpos, Visa, or Mastercard, and businesses will have increased transparency to better understand and compare payment costs.The RBA estimated that only one in every six businesses chooses to apply a card surcharge, Birmingham said.The RBA also cut the cap on domestic interchange fees for banks to 0.3% from 0.8% for personal credit cards. The new interchange caps for foreign-issued cards will apply from April 1, 2027.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

NAB Foundation Backs Financial Counselling Australia Pilot to Expand First Nations Community ID Cards, Shares Down 3%

National Australia Bank (ASX:NAB) said the NAB Foundation has provided funding to support Financial Counselling Australia (FCA) in launching an 18-month pilot project aimed at helping more First Nations organizations issue Community ID Cards, according to a Thursday statement.The project will develop a national framework and practical guide to help more First Nations organizations become Community ID Card issuers, with Jigalong Aboriginal Corporation in Western Australia partnering in the pilot together with First Nations organizations, regulators and financial institutions, the statement added.The company's shares fell 3% in recent Thursday trade.

ASX:NAB
Asia

Update: Market Chatter: National Australia Bank Lays off Senior Bankers From Corporate, Investment Banking Segment Amid Restructure, AFR Says

(Updates with a statement from National Australia Bank in the fourth paragraph.)National Australia Bank (ASX:NAB) decided to lay off senior bankers from its corporate and investment banking segment, including those with day-to-day contact with biggest clients, the Australian Financial Review reported late Tuesday, citing unnamed people briefed on the matter.The bank changed or canned the roles of almost 68 bankers as of Monday, the report added.According to the report, an NAB spokesperson told AFR that the layoffs are a part of previously disclosed plans of "integrating origination and sales activities."The bank said that while some roles were cut, new roles were also created, resulting in a net reduction of eight positions in Australia across the new structure. The company will support impacted employees through redeployment opportunities, a spokesperson told.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NAB
Asia

Market Chatter: National Australia Bank Lays off Senior Bankers From Corporate, Investment Banking Segment Amid Restructure, AFR Says

National Australia Bank (ASX:NAB) decided to lay off senior bankers from its corporate and investment banking segment, including those with day-to-day contact with biggest clients, the Australian Financial Review reported late Tuesday, citing unnamed people briefed on the matter.The bank changed or canned the roles of almost 68 bankers as of Monday, the report added.According to the report, an NAB spokesperson told AFR that the layoffs are a part of previously disclosed plans of "integrating origination and sales activities."The bank did not immediately respond to an emailed request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:NAB
International

Business Conditions in Australia Turn Negative for First Time in Six Years in August, NAB Says

Business conditions in Australia fell 5 points to negative 1 in August, the lowest level since August 2020, as slowing activity and persistent cost pressures weighed on businesses, National Australia Bank (ASX:NAB) said in a Tuesday report.Business confidence fell 2 points to negative 8 index points, 12 points below its January level.Business conditions declined in all states except New South Wales and Tasmania, with Victoria and Western Australia recording the largest monthly falls at 13 points each.Trading conditions fell 5 points to 4 index points, while profitability fell 10 points to negative 9 index points. Employment eased by one point to 3 index points and remained more stable than the other components of business conditions.Forward orders rose 3 points to 0 index points, while capacity utilization fell 0.6 percentage points to about 83%, partially unwinding its July increase. Cost and price growth measures remained broadly unchanged in the month and remain elevated compared to their long-run averages."Cost growth has been running well ahead of product price growth for almost six months," NAB Head of Australian Economics Gareth Spence said."Purchase cost growth remained elevated at 2.3% in quarterly terms, while product price growth eased to 0.8%. That widening gap is putting pressure on margins, with profitability falling 10 points in August to a new post-COVID low."

ASX 200ASX:NAB
Asia

Australian Banking Association Says Former ASIC Deputy Chair to Conduct Banking Code Review

Australian Banking Association said that former Australian Securities and Investments Commission (ASIC) Deputy Chair Peter Kell will conduct a five-yearly independent review of the Banking Code of Practice, according to a Monday statement.The review will include public consultations from customers, consumer groups, small business groups, industry stakeholders, and others.Consultation with stakeholders is expected to begin in October, with an interim report published in March 2027 and the final report with detailed findings and recommendations released in June 2027.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
International

Australian Home Prices Fall for Fifth Straight Month in August, Says NAB

Australia's national dwelling prices fell 0.9% in August, marking the fifth straight month of declines, while the eight-capital city index fell 1.1% and is now 4.6% below its peak, according to a Thursday report by National Australia Bank (ASX:NAB).The bank said Sydney and Melbourne continue to lead declines, with Sydney prices falling 1.4% for the month to sit 7.1% below their recent peak, while Melbourne prices declined 1.1% to be 6.5% below their respective peak, with price declines also broadening across Brisbane, Perth and Adelaide.NAB believes that housing turnover is clearly slowing, with the median days on market rising to 38, the highest level since October 2022, while the value of new housing loan commitments fell 5.2% quarter on quarter in the second quarter, led by an over 10% decline in investor lending, the report added.NAB forecasts dwelling prices across the combined capitals to fall 5% over the year, with peak-to-trough declines of about 10% in Sydney and Melbourne and 2% to 4% in the mid-sized capitals, though the bank noted downside risk to its forecasts given its revised expectation for further Reserve Bank of Australia rate increases, it added.

ASX 200ASX:NAB
Asia

Armaguard's Designation Under Cash Distribution Framework Helps Ensure Cash Availability, Australian Banking Association Says

The designation of cash-in-transit operator Armaguard under Australia's Cash Distribution Framework Act will help provide continued stability to the distribution and availability of cash across the economy, the Australian Banking Association (ABA) said Thursday.The Reserve Bank of Australia disclosed the designation in a same-day statement, saying the move makes Armaguard a regulated entity that is subject to requirements designed to support a sustainable and efficient cash distribution system.The designation should provide further certainty for cash distribution amid a decline in cash usage in Australia, the ABA said. It added that banks and retailers have injected over AU$100 million in financial assistance above contractual conditions to Armaguard over the last two years.Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Limited (ASX:NAB), Westpac Banking (ASX:WBC, NZE:WBC), and ANZ Group Holdings (ASX:ANZ, NZE:ANZ) are among the members of the ABA.

ASX:ANZASX:CBAASX:NABASX:WBCNZE:ANZNZE:WBC
International

Australia's GDP Growth Expected to Slow to Around 1.3% in 2026, NAB Says

Australia's gross domestic product (GDP) growth is expected to slowing to around 1.3% in this year from 2.5% over 2025, as higher interest rates, elevated inflation, and falling house prices flow through to softer activity, National Australia Bank (ASX:NAB) said in a report on Friday.It forecast the unemployment rate to rise to 4.8% by the end of 2027 as employment growth is expected to slow alongside cooler activity growth.The July NAB monthly business survey continued to show weak confidence, but a stabilization in conditions. The labor market data continued to show a gradual cooling but not a significant deterioration in labor demand, the bank said, adding that the outlook for business investment remains subdued outside of data center-related investment.The NAB Spend Trend suggests that household spending remained resilient in July, rising 1.1% month over month to be 7.7% higher on an annual basis in nominal terms. Growth was broad-based across both discretionary and essential categories. The bank expects real household consumption growth to slow to 1.4% over 2026.The bank expects the Reserve Bank of Australia will keep the cash rate unchanged at 4.35% into 2027, with the next move in rates to be down, likely from the second quarter. The RBA now sees GDP growth of 1.4% this year and 1.6% in 2027, followed by a third year of below trend growth in 2028 at 1.8%. The lender's near-term forecasts are for 0.9% quarter-over-quarter trimmed meanand 1.1% quarter-over-quarter headline inflation in the September quarter, implying the risk sits to the high end of the RBA's August forecasts at the margin.

ASX 200ASX:NAB
Asia

ACCC Proposes Approval of Regional Multi-Bank ATM Trial

The Australian Competition and Consumer Commission (ACCC) is proposing to approve a regional automated teller machine trial for multi-bank withdrawals and deposits, it said Friday.Under the trial to be conducted by the Australian Banking Association and other financial institutions, all holders of an Australian-issued card will be able to withdraw cash on a fee-free basis, while customers of participating banks will be able to deposit cash without a fee.The ACCC said it proposes to grant authorization for three years, and is seeking feedback on its draft determination by Sept. 3 ahead of a final decision.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Australia's Financial Regulator to Review Banks' Lending Practices, Perform Stress Tests, Amid Slowing Credit Growth

The Australian Prudential Regulation Authority (APRA) will review banks' lending practices over the next 12 to 18 months to safeguard against potentially weaker lending standards amid slowing credit growth, the regulator said Thursday.In the first half of the review period, APRA will prioritize banks' lending to small and medium-sized businesses before increasing its focus on housing lending standards in the second half of the period.The review forms part of the regulator's latest corporate plan, under which it plans to maintain financial system safety and stability without creating undue costs for the industry."As we look across the operating environment, it's clear that the international and domestic economic environments remain challenging," said APRA Chair John Lonsdale. "Geopolitical tensions continue to have economic impacts on inflation, trade relationships and cost-of-living pressures."Additionally, APRA will conduct a joint stress-test exercise with the Reserve Bank of New Zealand to gauge resilience against a severe economic downturn at both the parent and subsidiary bank level. It will also start work on a new system-risk stress test to build on the entity-level testing.The shares of Australia's top banks, some of which have flagged a slowdown in mortgage applications, were lower in recent Thursday trade.Commonwealth Bank of Australia (ASX:CBA) fell nearly 3%, while ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank Limited (ASX:NAB), and Bendigo and Adelaide Bank Limited (ASX:BEN) all shed about 2%.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Investigation Finds Potential Widespread Mortgage Fraud, AUSTRAC Says

An investigation called Operation Claw uncovered potential mortgage fraud involving inflated incomes, misrepresented employment and fabricated or unverifiable business activity used to support loan applications, the Australian Transaction Reports and Analysis Center (AUSTRAC) said in a Wednesday statement.AUSTRAC's Fintel Alliance conducted a joint analysis of data from 10 major Australian banks, identifying potentially hundreds of millions of dollars in suspected fraudulent loans, mostly linked to properties in Sydney in New South Wales.The activity was not limited to one lender or borrower group, and recurring warning signs across the participating banks included falsified or misleading documents as well as the repeated use of mortgage brokers, accountants, and law firms across multiple loan applications.AUSTRAC worked with participating banks to identify controls that lenders can use to prevent, detect, and disrupt mortgage fraud. The lenders used the information generated through the investigation to identify potentially fraudulent loans, investigate suspicious activity, strengthen controls, and make further referrals to the authorities. Some banking relationships have been ended, and further action is expected."The same warning signs were found across banks that together cover the vast majority of Australia's mortgage market," AUSTRAC CEO Brendan Thomas said. "Every lender should be looking closely at these findings and asking whether the same vulnerabilities exist in their own business," he added.The Australian Banking Association did not immediately respond to a request for comments from.

ASX:AMPASX:ANZASX:BENASX:BOQASX:CBAASX:CCLASX:MQGASX:MYSASX:NABASX:SUNASX:WBC
Asia

National Australia Bank to Loosen Eligibility Requirement for Employees' You Leave Entitlement, Finance Sector Union Says

National Australia Bank (ASX:NAB) is set to loosen eligibility requirements for employees to access their You Leave entitlement, an additional paid leave of a week per year, the Finance Sector Union said in a statement on Tuesday.Under the changes, eligibility for the entitlement will be assessed annually on Sept. 30 based on actual leave balances, and for fixed-term employees, it will be based on having a minimum 12-month contract in place on Oct. 1.The employees will not have to exhaust all their other leave entitlements before accessing You Leave, and the requirement to have worked or been on paid leave for at least 90 calendar days in the performance year will be removed.

ASX:NAB
Asia

Australian Shares Fall; National Australia Bank Fiscal Q3 Cash Earnings, Net Operating Income Up

Australian shares fell on Monday as firms missed earnings expectations and softer economic data lowered expectations of a rate hike from the US Federal Reserve.The S&P/ASX 200 Index dropped 0.46%, or 42 points, to close at 9,073.20.Brent crude futures ​hovered around $88 per barrel, as there was little movement in the efforts to end the conflict in the Middle East over the weekend.Gold rose to $4,391 per ounce after having climbed nearly 1% the previous week.On the domestic front, stronger competition in Australia's lending market has led to more favorable conditions that are benefiting the country's small businesses, the Australian Banking Association (ABA) said.In company news, National Australia Bank (ASX:NAB) logged AU$1.8 billion in cash earnings for the fiscal third quarter, up 4% from a year ago. For the three months ended June 30, net operating income was AU$5.5 billion, up 5% from a year earlier.JB Hi-Fi (ASX:JBH) logged AU$4.4671 in earnings per share for fiscal 2026, compared with AU$4.2137 a year ago. For the 12 months ended June 30, revenue was AU$11.06 billion versus AU$10.55 billion previously. Its shares fell 11% on market close.Lastly, Iress (ASX:IRE) logged AU$0.208 in underlying earnings per share for the first half, compared with AU$0.176 a year ago. For the six months ended June 30, revenue was AU$250 million versus AU$299.5 million previously. Its shares also closed down 11%.

ASX 200ASX:IREASX:JBHASX:NAB
Asia

Update: National Australia Bank Fiscal Q3 Cash Earnings, Net Operating Income Up; Shares Fall 4%

(Updates to add stock movement in the headline and the last paragraph)National Australia Bank (ASX:NAB) logged AU$1.8 billion in cash earnings for the fiscal third quarter, up 4% from a year ago, a Monday filing showed.For the three months ended June 30, net operating income was AU$5.5 billion, up 5% from a year earlier, the Australia-listed bank added.The bank's shares fell around 4% in recent Monday trade.

ASX:NAB
Asia

National Australia Bank Says Mortgage Applications Fall 16% Year-over-Year in June Quarter

National Australia Bank's (ASX:NAB) said the total home lending monthly applications fell 16% year-over-year in the June quarter, a Monday Australian bourse filing showed.The mortgage applications were down 15% quarter-over-quarter. New loans to owner-occupiers fell 14%, and those to investors declined 17% over the period.

ASX:NAB
Asia

National Australia Bank's Total Capital, CET1 Capital Up Year-over-Year in June Quarter

National Australia Bank (ASX:NAB) total capital and Common Equity Tier 1 (CET1) capital both increased year-over-year in the June quarter, according to a Monday Australian bourse filing.The bank's total capital in the three months to June 30 came in at AU$94.18 billion, up from the AU$89.74 billion it reported in the year-ago period. Its CET1 capital for the period clocked in at AU$54.02 billion, rising from the AU$53.04 billion it reported for the June 2025 quarter.Its Level 1 Group CET1 ratio for the June quarter was 11.89%, compared with a ratio of 11.97% in the prior-year period. It reported a liquidity coverage ratio of 134% for the quarter, compared with 135% in the same period in the previous year.

ASX:NAB
Asia

National Australia Bank Fiscal Q3 Cash Earnings, Net Operating Income Up

National Australia Bank (ASX:NAB) logged AU$1.8 billion in cash earnings for the fiscal third quarter, up 4% from a year ago, a Monday filing showed.For the three months ended June 30, net operating income was AU$5.5 billion, up 5% from a year earlier, the Australia-listed bank added.

ASX:NAB
Asia

Eureka Group Holdings Closes First Wholesale All-Age Rental Fund

Eureka Group Holdings (ASX:EGH) closed its first wholesale all-age rental fund, Eureka All Age Village Fund No 1, which began on Tuesday and in which the firm took a 30.9% equity stake, according to a Wednesday Australian bourse filing.The fund raised AU$14.4 million in equity commitments and will be supported by a further AU$14.5 million in senior debt provided by National Australia Bank (ASX:NAB). The fund has a one-year investment period, followed by a five-year hold period.The fund was seeded with Barrier Reef Tourist Park, with Benalla Tourist Park to follow shortly, per the filing. Both assets are being sold into the fund from Eureka's balance sheet. Eureka retains a first right of refusal to acquire the two communities if the fund is wound up at the end of the hold period.

ASX:EGHASX:NAB

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