Wholesale Banking Performance Analysis
25
26
Other international businesses
UK Banking
(£m)
Great Western Bank
(US$m)
3.0%
106
2.5%
47
3
50
57
77
43
2.0%
37
(25)
1.5%
Sep 10
Mar 11
Sep 11
Mar 12
Sep 10
Mar 11
Sep 11
Mar 12
Cash earnings
Net interest margin
Cash earnings
SGA-income and B&DDs
112
($m)
85
80
70
54
(54) (299)
(173)
(95)
(21)
(20)
(71)
Sep 09
Mar 10
Sep 10
Mar 11
Sep 11
Mar 12
Income (ex SCDO risk mitigation MTM)
B&DD
SCDO portfolio update
Removed 'sold protection' on two
remaining SCDOS
▸ Removed $600m of credit risk
▸ $1.5bn RWA reduction
▸ $141m of hedge premium cost accelerated
▸ MTM 'noise' has been removed
▸ No economic risk remaining
National Australia Bank
(%)
Strong Core Tier 1 (Basel II) capital position
Business Capital Generation = 56bps
Total
Tier 1
0.83
(0.35)
0.16
(0.08)
0.06
(0.07)
(0.10)
10.17%
(9.19%)
9.70%
7.58
7.12
Mar 11
$24.6bn
Sep 11
$25.8bn
Cash
Earnings
$2.8bn
Dividend
(net
of DRP)
($1.2bn)
8.03
Net RWA
Reduction
excl SCDO
($6.9bn)
FCTR
($0.26bn)
DTA
$0.2bn
Basel
2.5
($2.9bn)
Non-Cash
earnings¹
($0.34bn)
Mar 12
$27.0bn
(1) Non-cash earnings impact after adjusting for distributions, treasury shares, UK goodwill, software impairment,
and separately disclosed items
National Australia BankView entire presentation