NAB’s use of information for responsible lending to business banking customers

Share

Share

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.

Announcements

SEE ALL TOPICS

Related Articles

  • Technology

NAB and Amazon launch PayTo® payment for Amazon.com.au customers

Customers shopping on Amazon.com.au can now use ‘PayTo’ to make a purchase directly from their bank account in a seamless, secure way, removing the need to provide card details.

  • 31.01.2025
  • Time to read 2 min read
  • Economy

NAB’s Chair and CEO address shareholders at the 2024 AGM

NAB Chair Philip Chronican and CEO Andrew Irvine addressed shareholders at NAB’s 2024 Annual General Meeting (AGM) in Melbourne today.

  • 18.12.2024
  • Time to read 1 min read
  • Announcements

NAB announces sale of remaining 20% stake in MLC Life Insurance

NAB has today announced it has entered into an agreement to sell its remaining stake in MLC Life Insurance to Nippon Life Insurance Company for $500 million.

  • 11.12.2024
  • Time to read 1 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.