A comprehensive report from FIIG's in-house research team
National Australia Bank Limited (NAB) is the third-largest bank in Australia in terms of total deposits, loans and resident assets.
After surviving the banking crisis in Australia in the early 1990s in better shape than its peers, NAB for several years enjoyed a reputation for superior management. However its reputation was tarnished mid-2000s by fraud-related losses and poor investments in the US. During the GFC NAB was hit by losses on asset-backed securities and other high risk assets.