National Australia Bank - NAB

AAA

DEFINITION of 'National Australia Bank - NAB'

One of the major banking entities in Australia. The National Australia Bank (NAB) provides a wide range of financial services, including banking, wealth management and a platform for investment banking. The NAB has locations throughout Australia and New Zealand, as well as the U.K. and the United States. The NAB also has a highly regarded economics research division, which releases the NAB Business Confidence leading indicator every month that is followed by traders worldwide.

INVESTOPEDIA EXPLAINS 'National Australia Bank - NAB'

The NAB is one of the "big four" banks in Australia, with over 1,800 branches (as of 2009). Clydesdale and Yorkshire banks are its two subsidiaries that operate in the U.K., and it purchased Great Western Bank in the U.S. to gain a foothold here as well. NAB also provides a range of investment and insurance services for institutional clients.

RELATED TERMS
  1. Reserve Bank of Australia

    The Reserve Bank of Australia is Australia's central bank and ...
  2. Bank

    A financial institution licensed as a receiver of deposits. There ...
  3. Bank of England - BoE

    The Bank of England is the central bank for the United Kingdom. ...
  4. Bank Of Japan - BoJ

    Headquartered in the business district of Nihonbashi in Tokyo, ...
  5. Reserve Bank Of India - RBI

    The central bank of India, which was established on April 1, ...
  6. Heckscher-Ohlin Model

    An economic theory that states that countries export what they ...
Related Articles
  1. The Evolution Of Banking
    Credit & Loans

    The Evolution Of Banking

  2. Get To Know The Major Central Banks
    Forex Education

    Get To Know The Major Central Banks

  3. What Is The World Bank?
    Insurance

    What Is The World Bank?

  4. How Basel 1 Affected Banks
    Personal Finance

    How Basel 1 Affected Banks

comments powered by Disqus
Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center