Statement on behalf of NAB CEO Andrew Thorburn:

“I have had the opportunity to read the summary of the Royal Commission interim report and will review the report in more detail over the weekend.  I would like to thank the Commissioner for his thoroughness and diligence.

“For us at NAB, where we have made mistakes or done the wrong thing, we will own them and fix them.  It is difficult to face the statement of ‘profits before people’, but this is exactly what we need to confront.  Banking was built on putting people first and earning the trust of customers.  We must return to these principles once again, rather than continuing to be short term managers.”