NAB Full Year Results 2017

Share

Share

NAB Chief Executive Officer Andrew Thorburn today released NAB’s 2017 Full Year results:

“Our FY17 result represents another year of consistent delivery. Cash earnings and revenue are up, asset quality is a highlight again, and we have further strengthened our balance sheet.

“Outcomes from our focus on improving the customer experience are also pleasing. Our Priority Segments Net Promoter Score (NPS) is first of the major banks at 30 September 2017.

“We have made strong progress over the past three years and now we announce an acceleration of our strategy. This involves an estimated $1.5 billion increase in investment by the end of FY20 to further improve the experience for our customers, reshape our workforce and grow our bank. Cost savings of greater than $1 billion are targeted by the end of FY20 as we further simplify our business.

“We have a clear plan to deliver for our customers. We move forward with confidence and a purpose to ‘back the bold who move Australia forward’.”

The full ASX announcement can be viewed at our shareholder centre.

Find out more about how NAB is backing communities.

Announcements

SEE ALL TOPICS

Related Articles

  • Personal finance

NAB welcomes more support for no-interest loans

More Australians will be able to access no-interest loans thanks to a $48.7 million funding boost from the Federal Government for the No Interest Loans program (NILs).

  • 19.03.2025
  • Time to read 1 min read
  • Scams

NAB helps remove almost 600 bogus websites intent on scamming Aussies

NAB has cracked down against hundreds of fake websites attempting to dupe and scam Aussies.

  • 19.03.2025
  • Time to read 2 min read
  • Executive Team

Executive Leadership Team changes

NAB Group Chief Executive Officer (CEO) Andrew Irvine today announced changes to the bank’s Executive Leadership Team.

  • 17.03.2025
  • Time to read 2 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.