NAB and the rest of Australia’s ‘Big Four’ banks rely heavily on the strength of the housing market
Standing pat gives the central bank room to act decisively if conditions worsen next year
Costs rose 5% in the third quarter, in part due to higher personnel expenses
The bank has applied for an additional share buyback of up to 600 billion euros
The bank’s total allowance stood at S$6.4 billion, comprising S$4.1 billion in general allowances and S$2.4 billion in specific allowances.
