| Business Summary | | National
Australia
Bank
Limited
is
an
international
financial
services
group
providing
a
comprehensive
and
integrated
range
of
financial
services
across
four
continents
and
15
countries.
Globally,
at
September
30,
1999,
the
National
had
total
assets
of
over
$250
billion,
over
$400
billion
in
assets
under
administration
and
more
than
nine
million
customers.
The
Company
began
as
The
National
Bank
of
Australasia.
In
its
current
form,
the
Company
is
the
result
of
a
merger
in
1981
of
The
National
Bank
of
Australasia
Limited
and
The
Commercial
Banking
Company
of
Sydney
Limited. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | NAB
provides
commercial,
savings,
merchant
and
investment
banking,
financial,
and
life
insurance
services.
For
the
six
months
ended
3/01,
interest
income
rose
31%
to
A$10.55
billion.
Net
interest
income
after
loan
loss
provision
rose
4%
to
A$3
billion.
Net
income
according
to
U.S.
GAAP
rose
28%
to
A$2.03
billion.
Net
interest
income
reflects
growth
in
productivity,
partially
offset
by
higher
interest
costs.
Earnings
reflect
growth
in
mortgage
servicing
fees. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Brian Loton | Vice
Chairman | Robert Prowse | CFO | Doug Ebert | CEO,
Michigan National Corp. | Joe Pickett | CEO,
Homeside, Inc. | Francis Cicutto | COO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|