NAB: Result 2015

Underneath a messy full-year result NAB's performance was slightly disappointing.

Chief financial officer Craig Drummond apologised several times for the ‘messiness’ of NAB’s full-year result on Wednesday – and he wasn’t kidding, with adjustments for the sale of the company’s US banking operation, a Life reinsurance deal, the disposal of UK commercial real estate loans and 80% its Life business, and the forthcoming demerger and flotation of its UK business.

And it ain’t over yet, with significant items from these transactions set to pollute comparisons for another year or so.


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