NAB 2021 Full Year Results

Share

Share

NAB Group Chief Executive Officer Ross McEwan today released NAB’s 2021 Full Year Results to the market.

“Our results this year demonstrate we have navigated a challenging environment well while delivering better experiences for customers and colleagues, resulting in safe growth across our business,” he said.

“Asset quality outcomes improved, and cost growth was limited to 1.8% reflecting a balance between productivity and investment. FY21 has been a difficult period for Markets & Treasury income but excluding this, revenue was stable over the year and 2% higher in 2H21 compared with 1H21.

“Our strategy is achieving results. While there is still much to do, I am encouraged by our progress as we execute with discipline and focus.

“The lift in our final dividend to 67 cents per share brings the increase in total dividends over the year to 112% and reflects our optimism about the future.

“Our bank has momentum, our strategy is clear and as lockdown restrictions ease, a pick-up in activity is expected. While some uncertainties exist in the outlook including the impact of tapering support, our balance sheet settings are strong and we are well positioned for the expected economic rebound in Australia and New Zealand,” Mr McEwan said.

Full details can be viewed here.

NAB also released its 2021 Annual Review today. It can be viewed here.

Video and audio footage of Ross McEwan’s FY21 media teleconference can also be accessed here.

Economy

SEE ALL TOPICS

Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

Download media content

Photograph of NAB CEO Ross McEwan at St. Ali

JPG 298 KB Download

Photograph of NAB CEO Ross McEwan (left) and NAB customer St. Ali founder Salvatore Malatester

JPG 392 KB Download

Photograph of NAB CEO Ross McEwan (left) and NAB customer St. Ali founder Salvatore Malatester

JPG 252 KB Download

Transcript of media conference - NAB 2021 Full Year Results

PDF 160 KB Download

Related Articles

  • Customers

$25 million dollar scam attempt foiled by NAB bankers

Every year, thousands of Australians are impacted by scams. From investment scams to invoice scams, they are becoming more sophisticated and have been growing exponentially over the past few years. It was this sophistication that almost cost NAB customer, Daniel Smith $25 million.

  • 20.03.2024
  • Time to read 2 min read
  • Community

New round of NAB Foundation Community Grants now open

Community groups can apply for grants of up to $25,000 for local projects that help communities withstand and recover from natural disasters.

  • 18.03.2024
  • Time to read 1 min read
  • Small Business

Small businesses seek AI to reduce paperwork and increase profits

NAB Bookkeeper, NAB’s new bookkeeping tool utilises machine learning, a form of AI, to help reduce admin time for small businesses by up to five hours per week so they can focus on the bigger picture.

  • 18.03.2024
  • Time to read 2 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights