NAB believes in lending responsibly to our business customers.
This means we do use a range of information sources, including limited information from credit bureau Veda, to manage relationships with our customers.
This information helps us to understand if our customers are borrowing within their means and operating their businesses prudently.
We believe it’s important that our bankers keep in touch with their business customers, especially when they are taking out new lending with other institutions, to understand the intent of the finance and how it will impact on their business operations.
The information received from VEDA only relates to business banking customers. No consumer credit information is provided by VEDA to NAB.