Business
NAB’s plan to soak up capital – The Australian Financial Review
NAB boss Ross McEwan says high capital levels provide flexibility as the bank considers capital management to respond to the pace of recovery.
This propelled the average CET1 capital ratio across the sector to NABs level of 12.4 per cent well above regulatory benchmarks but concealed a tough environment for revenue, which is flat and lifting pressure on banks to hit more aggressive cost targets.
NAB has $7.3 billion of surplus capital against the 11 per cent mid-point of its new CET1 target range of 10.75 per cent to 11.25 per cent. Businesses are leading the recovery, and it is our job to find good businesses and investments, and support…
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