Wholesale Banking Performance Analysis
Diversified funding issuance - March 2012
Issuer ($14.5bn)
Type ($14.5bn)
105
BNZ 10%
NAB 84%
Currency ($14.5bn)
USD 32%
(Total Portfolio 27%)
EUR 21%
(Total Portfolio 18%)
Senior Public
Offshore
27%
Clydesdale 6%
Secured
Funding
Public and
Private
31%
Investor location ($14.5bn)
UK 4%
JPY 8%
(Total Portfolio 8%)
AUD 25%
(Total Portfolio 32%)
Other 9%
(Total Portfolio 8%)
GBP 5%
(Total Portfolio 7%)
USA 26%
Europe 28%
Senior Private
Placement
18%
Senior Public -
Domestic
24%
Asia (ex Japan) 4%
Japan 9%
Australia &
New Zealand 29%
National Australia Bank
Increased cost of funding an Australian variable
rate mortgage
106
160
Funding cost
over the RBA
cash rate (bps)
140
120
100
80
60
20
20
40
Liquidity Portfolio Costs
Recovery via repricing
Bank Bill/Overnight Index Swap Spread
Term Funding
Customer Deposits
0
Pre-crisis
Dec 07
Jun 08
Dec 08
Jun 09
Dec 10
Jun 10
Dec 10
Jun 11
Dec 11 Mar 12
National Australia BankView entire presentation