Following the Reserve Bank of Australia (RBA) increasing official interest rates 25 basis points yesterday, National Australia Bank (NAB) confirmed its standard variable home loan interest rate would increase to almost 7 percent.
National Australia Bank reassured customers again today it would not move its standard variable interest rate beyond any change the RBA makes to the official cash rate today.
The Australian Competition and Consumer Commission has today deferred its decision on AMP Limited’s AMP’s $12.85 billion takeover bid for AXA Asia Pacific Holdings.
Westpac has announced a change in policy for credit card owners and will now charge interest on interest and as well as on fees paid by customers for items such as late payments.
Business confidence is at a high only seen once since May 2002 in NAB’s Monthly Business Survey & Economic Outlook for February 2010. Business confidence rose 4 points (to +19 points), returning to the surprisingly strong levels recorded in late 2009 and, before that, last seen in May 2002. The business confidence index has now […]
Following the Reserve Bank of Australia’s Board Meeting yesterday, National Australia Bank confirmed its variable home loan interest rates would increase by 0.25% per annum. NAB’s new standard variable rate will be 6.74% pa, effective Friday, 5 March 2010. Lisa Gray, Group Executive NAB Personal Banking, said: “In the last month we have seen a […]
The effects of the global financial crisis are lifting, with the National Australia Bank posting unaudited cash earnings for the first quarter of approximately $1.1 billion, an increase of more than 20% on the fourth quarter of the 2009 financial year. In a further promising sign for the economy NAB’s charge for bad and doubtful […]
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