NAB Chair Philip Chronican and CEO Ross McEwan addressed shareholders at NAB’s 2023 Annual General Meeting (AGM) in Sydney today.

A transcript of the Chair and CEO speeches is available via the ASX.

In his speech, Chair Philip Chronican reflected on the bank’s performance for shareholders during the past year and the future of NAB.

“We are making steady progress in building the bank we want, and that work continues,” said Mr Chronican.

“Since his appointment four years ago, our Group Chief Executive Officer Ross McEwan has maintained his intent for NAB to be a good bank that gets the basics right for customers.

“On behalf of the Board, I would like to thank you, our shareholders, for your ongoing support. I would also like to recognise NAB’s team of more than 38,000 for the work they do serving customers well and helping our communities prosper.”

NAB CEO Ross McEwan gave his economic outlook for 2024, telling shareholders Australia is in a good position to rebound next year.

“This year has been challenging for many in Australia and New Zealand,” Mr McEwan said.

“Looking forward, I remain optimistic. Business conditions are above average and while some business owners are worried, many remain ambitious for growth.

“With demand for our natural resources and strong employment and migration, Australia’s economy is well positioned to improve in the second half of next year.”