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.

BREAKING DOWN '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. NAB Business Confidence Index

    A key measure of business confidence in Australia, published ...
  2. Reserve Bank of Australia

    The Reserve Bank of Australia is Australia's central bank and ...
  3. Limited Service Bank

    Any type of banking business facility that is located separately ...
  4. Bank

    A financial institution licensed as a receiver of deposits. There ...
  5. Bankers' Bank

    A special type of bank that is created by a group of banks. Bankers' ...
  6. Universal Banking

    A banking system in which banks provide a wide variety of financial ...
Related Articles
  1. Insights

    Australia’s Business and Employment at 2008 Levels

    National Australia Bank reports improved business sentiment and employment conditions indicating the country has weathered the bleak global outlook.
  2. Insights

    Growth in Australia? 3 Thoughts from PIMCO

    Learn how Australia avoided recession after the global financial crisis. Discover PIMCO's thoughts on Australia's growth in 2016 and beyond.
  3. Investing

    The Top 3 ETFs For Investing in Australia

    Learn about some of the best performing exchange-traded funds that investors use to obtain exposure to stock investments in Australia.
  4. Investing

    Why Hedge Funds Are Shorting Australian Banks (CMWAY, WBK)

    Discover why hedge funds are shorting Australian banks, including key themes such as an overheated property market, bad debts and declining earnings.
  5. Trading

    The Australian Dollar: What Every Forex Trader Needs To Know

    With its unique relationship to the Japanese yen, the AUD is an important currency for FX traders.
  6. Retirement

    Retire in Australia with $200,000 of Savings?

    Maybe. Thanks to a strong U.S. dollar, Australia has become more affordable, at least for Americans.
  7. Personal Finance

    Retail Banking Vs. Corporate Banking

    Retail banking is the visible face of banking to the general public. Corporate banking, also known as business banking, refers to the aspect of banking that deals with corporate customers.
  8. Investing

    The 3 Largest US-traded Australia ETFs

    Australia’s appeal as an investment destination for prospective investors is incessant. ETFs are undoubtedly an interesting investment option to consider.
  9. Investing

    3 Australian Mutual Funds to Avoid

    Learn about several catalysts that may have a negative effect on the Australian economy. Discover three mutual funds to avoid in 2016.
  10. Investing

    3 Best Dividend-Paying Australia Equity ETFs (EWA, QAUS)

    Take a look at three ETFs in the category of Australian equities that offer the highest dividend yields available for ETFs focused on the Australian market.
RELATED FAQS
  1. What developed countries have the highest concentration in the banking sector?

    Learn about the developed countries that have the greatest concentration in the banking sector and the most important emerging ... Read Answer >>
  2. What are the main reasons an investor should consider an allocation to the banking ...

    Learn about investment opportunities in the commercial and investment banking industry. Find out why many investors choose ... Read Answer >>
  3. What's the difference between investment banks and commercial banks?

    Understand the principal differences between investment banks and commercial banks, and the areas of banking services that ... Read Answer >>
  4. What are examples of popular companies in the banking sector?

    Learn about some of the popular companies for bank stocks in the banking industry, a prime component of the financial services ... Read Answer >>
  5. What is the difference between an investment and a retail bank?

    Learn the primary differences between retail banks and investment banks by examining the business activities, type of clients ... Read Answer >>
  6. What is the average profit margin for a company in the banking sector?

    Learn what the average profit margin is for companies in the banking sector, along with other evaluation metrics often used ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center