Investor Presentaiton
FY21 KEY CONSIDERATIONS
32
Revenue
headwinds
Our response
(1) Excluding large notable items
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Sustained low rate environments in Australia and New Zealand expected to impact
Group NIM by ~6bps in FY21
Subdued demand for credit until confidence returns
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Australian business system growth expected to be ~2% in FY21
• Australian housing system growth expected to be <0.5% in FY21
Investment in target segments to achieve growth while managing pricing and risk
disciplines
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Targeting FY21 expense growth¹ limited to 0-2% reflecting disciplined approach
Current provision coverage reflects anticipated underlying deterioration in FY21,
but remains subject to uncertainty as government support is withdrawn
Anticipated completion of MLC Wealth sale in FY21 expected to add ~35bps of
CET1
National
Australia
BankView entire presentation