NAB today welcomed the Australian Prudential Regulation Authority’s (APRA) approval of the acquisition of MLC Wealth by IOOF Holdings Limited. With regulatory approval now provided by APRA, NAB and IOOF are working towards completion of the transaction on 31 May 2021.
The approval by APRA follows the prior decision by the Australian Competition and Consumer Commission in December 2020 to not oppose the transaction.
NAB has agreed to enter a strategic partnership with fintech lender Plenti Group Limited.
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In an Australian banking first, NAB has launched a new, plastic-free, virtual corporate credit card to help businesses streamline, modernise and simplify their expenses.
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Releasing NAB’s 2023 Full Year Results, NAB CEO Ross McEwan said the bank and its customers were benefitting from the consistent execution of its strategy over several years.
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