Wholesale Banking Performance Analysis
Solid result and progress against strategy
Half year to
Mar 12
Sep 11
Change (%)
Mar 11
Change (%)
Revenue ($m)
9,108
8,795
3.6%
8,799
3.5%
Underlying profit ($m)
5,156
4,812
7.1%
4,808
7.2%
3
Cash earnings ($m)
2,828
2,792
1.3%
2,668
6.0%
Core Tier 1 ratio
8.03%
7.58%
45bps
7.12%
91bps
Dividend
90
88
2.3%
84
7.1%
(100% franked cps)
Cash ROE
15.0%
15.2%
(20bps)
15.1%
(10bps)
Statutory
net profit attributable
2,052
2,791
(26.5%)
2,428
(15.5%)
to owners ($m)
National Australia Bank
Environment remains challenging
System credit growth % change year-on-year
Increased cost of funding an Australian
variable rate mortgage
18
16
Australia
14
12
160
(F)
the RBA
140
cash rate
(bps)
120
Funding
cost over
Recovery via repricing
10
100
Liquidity Portfolio
Costs
Term Funding
8
6
80
New Zealand
4
60
Customer Deposits
2
United Kingdom
40
0
-2
20
-4
Bank Bill/Overnight Index Swap Spread
Jan 90 Jan 93 Jan 96 Jan 99 Jan 02
Jan 05 Jan 08 Jan 11 Jan 14
RBA, RBNZ, Bank of England, NAB Forecasts
Pre-crisis
Dec 07
Jun 08
Dec 08 Jun 09 Dec 09 Jun 10 Dec 10
Jun 11
Dec 11 Mar 12
Ongoing full regulatory agenda
Key global reforms
Quarterly real output path during UK recessions¹
(%)
Basel III Capital & Liquidity
Systemically Important Financial Institutions
106
Recovery & Resolution - 'Living Wills'
Reforms for Over-The-Counter derivatives (inc. clearing arrangements)
104
Key domestic reforms
102
Financial Claims Scheme
100
Future of Financial Advice
Superannuation Reforms
98
Life Insurance and General Insurance Capital Framework
>
National Consumer Credit Protection Phase II
96
Other key international reforms
Dodd-Frank reforms (US)
Foreign Account Tax Compliance Act (US)
▸
Independent Commission on Banking - Business Models (UK)
>
International Financial Reporting Standards 9 - Financial Instruments
4
(1) Previous peak = 100. Source: NAB Economics, UK Office of Budget Responsibility
ཚ ོ སྐྱ ོ
March 2008 onwards
Early 1980s
1Q
2Q
3Q
4Q
5Q
6Q 7Q
8Q
Mid 1970s
Early 1990s
1930s
9Q 10Q 11Q 12Q 13Q 14Q 15Q
National Australia BankView entire presentation