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NAB launches $2.5b buyback – The Australian Financial Review
NAB has announced it will take advantage of its financial performance and recent asset sales by launching a $2.5 billion on market…
Mr McEwans announcement of a $2.5 billion buyback is expected to increase the banks return on equity (ROE) by about 40 basis points. NAB committed to double-digit ROE at the banks half-year results when the bank said its cash ROE was at 11.1 per cent.
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