Business
‘Not the time’: NAB chief warns against government cuts, pays 60c dividend – Sydney Morning Herald
CEO Ross McEwan says NAB is seeing record levels of loan demand and warned against public spending cuts.
The Melbourne-based bank launched a new long-term strategy last year, including reinvigorating its business banking franchise by hiring around 490 new customer-facing staff.
CBA has mounted an attack on NABs role as the countrys largest business bank in recent years, with aggressive pricing, hiring additional bankers and unveiling plans to target micro businesses.
Mr McEwan brushed off concerns about CBAs threat, saying he welcomed competition and NAB was growing market share.
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