Business
3 key takeaways from the NAB (ASX:NAB) annual general meeting
The National Australia Bank Ltd (ASX: NAB) share price is dropping lower on the day of its annual general meeting.
In morning trade the banking giant’s shares are down 1% to $23.60.
For investors that are interested, I have picked out three key takeaways from the event. They are as follows:
~90% of customers are off COVID-19 loan deferrals
The bank’s CEO, Ross McEwan, revealed that around 90% of its customers that were on a COVID-related loan deferral are now getting back to normal.
He commented: “It is pleasing that around 90 per cent of customers who were on deferral are getting back on track with their payments.”
Though, Mr McEwan acknowledged that some customers are still struggling and the bank intends to support…
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