Financial Performance and Remediation Update
STRONG CAPITAL POSITION
GROUP BASEL III COMMON EQUITY TIER 1 CAPITAL RATIO
(%)
12.37
0.75
Capital generation +43bps
(0.47)
0.15
(0.12)
0.29
0.03
Target range
10.75 11.25%
13.00
12.25
Mar 21
Cash earnings
Dividend
RWA
2
Share
buy-back
M&A Transactions
Other
Sep 21
Sep 21
pro forma
3
CET1 CONSIDERATIONS
Continued strong organic capital generation.
Flat RWAS CRWAS stable with improved asset
quality and portfolio mix offsetting $30bn GLA growth
GROUP RWA
($bn)
(0.2)
(0.8)
(2.8)
3.4
•
On-market share buy-back ~20% complete with
~$2bn remaining
417.6
417.2
APRA's 'unquestionably strong' standards are
expected to reset capital ratios but are not expected to
have a significant impact4
Mar 21
Credit Risk
Operational
Risk
Market Risk
IRRBB
Sep 21
(2)
€23
(1) Excludes FX translation
Includes sale of MLC Wealth (+34bps) and acquisition of 86 400 (-5bps)
(3) Pro forma impacts include estimated impacts from agreed sale of BNZ Life (+7bps), upfront impact of the proposed acquisition of Citigroup's Australian consumer business (-34bps) and the remaining
$2.0bn of on-market share buy-backs (-48bps). Both the proposed acquisition of the Citigroup Australian consumer business and the sale of BNZ Life are expected to complete in 2022, subject to
relevant regulatory approvals. Final capital impact of each transaction will be determined following completion
Standards expected to be finalised in November 2021
28
(4)
National
Australia
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