Banks.com.au - Australian Banking, Finance and Investments

The National Australia Bank, or often referred to as NAB, is considered Australia's largest bank in terms of assets. In a bigger scale, NAB happens to be the 28th largest bank in the world. Essentially, NAB is an internationally recognized organization that offers variety of financial services and products to their clients.

The NAB is part of a bank group known as the National Australia Bank Group. The said group is comprised of 3 businesses from diferrent regions, namely, Australia, New Zealand, and United Kingdom. The National Australia Bank is the retail bank brand representing Australia in the group.

In terms of building relationships with customers, NAB is well known for its innovative management of customer relationship through the use of Oracle Corporation's Siebel Customer Relationship Management (CRM) Software, thus earning the title of the IFS/Cap Gemini Financial Innovation Awards in 2006. Currently, the said CRM system is also used by its ally companies in New Zealand and United Kingdom in order to promulgate the implementation of the said software to support and develop their hunt for prospected clients and service opportunities.

In line with active participation in the community, NAB is known as a famous sponsor of popular national sporting events such as some events in Australian Football League, both levels of Australian Football, and Auskick. It is also an avid supporter of the Australian football team, the Socceroos. But aside from sports leagues, NAB also provides support to community volunteer groups all over Australia, extending financial assistance and relief goods to those who are deeply in need such as the farmers affected by drought and the likes.

NAB's History

Technically, NAB that most people know now is the product of Commercial Banking Company of Sydney and the National Bank Limited's union, so its rich history is slightly based on the two companies' roots.

The combination of the companies happened to be a great start. Since merging of companies also means combination of financial resources, a bigger starting capital was at hand in order to continue the expansion of their "newborn" company--that is, the NAB.

In 1982, NAB was able to establish 2 representative offices, one in Beijing and the other one in Chicago. The following year, 2 other representative offices were created, one in Seoul and one in Dallas. The growth continued in the year 1984 when 3 other offices emerged, extending the company's services to San Francisco, Athens, and Kuala Lumpur. They also established branches in Frankfurt, Bangkok, Atlanta, Shanghai, Taipei, New Delhi, and Houston.

Expansion through the establishment of new offices was not enough for NAB. In 1987, Clydesdale Bank and Northern Bank (Republic of Ireland and Northern Ireland) were bought by NAB from Midland Bank and renamed the latter in Republic of Ireland as the National Irish Bank. After that, NAB further bought other companies such as Yorkshire Bank, Bank of New Zealand, Michigan National Bank, HomeSide Lending, and MLC Limited to further extend their influence in the banking industry.

The Services

To continuously enhance their performance, NAB has extended their service to the higher limits. Taking advancement in technology to their advantage, NAB now offers online banking as a part of their extended service to their loyal clients. Taking into great consideration the great hassles of going to the bank from time to time, NAB now offers a great deal to their computer-savvy customers. As long as you have all the system requirements in your personal computer and the proper connection to the world wide web, as a client, you can easily enjoy this special feature to access your accounts. And as part of their service, you are also assured that all your transactions will be kept safe by the reliable security they offer side by side this special feature.

As typical big corporate banks often do, NAB serves both personal and business types of clients. Included in the products and services NAB offers to their personal clients are savings accounts, investment and financial planning, insurance, loans, and credit cards.

For savings accounts, NAB offers four types of accounts that can suit your personal banking needs. They are the "Everyday banking," the "Savings for a goal," the "Investment form of saving," and the "Student banking."

The NAB can also be of help in planning for a long-term goal of financial stability. The bank can lay down all the possible options by providing an effective financial advice. A word from an expert can always be of help, especially when dealing with money matters and managing your investments.

In order to remain assured with all your belongings, including your life for that matter, it is better to be insured. So, be it a car, home, travel, life, or business insurance, NAB has it all. You can choose from the quotes that each have a budget-friendly monthly payment. And since no one is sure what might happen in the future, it is therefore recommended to acquire NAB’s life insurance offer, especially if you have a lot of dependents to support.

In terms of loans, NAB offers personal loans, home loans, and car loans. As long as you can prove your eligibility to acquire the offer, you are pretty much welcome to enjoy NAB's financial assistance. For home loans, whether it is financial assistance to renovate your house, buy your first home, your next home, or a mere investment, NAB is more than welcome to support your needs. The same goes with personal loans;, as long as you complete all the bank's requirements, you can acquire the bank’s offer.

NAB, meanwhile, offers 4 great Visa deals, namely, “NAB Low Rate Visa,” “Velocity NAB Credit Cards,” “NAB Gold Card,” and “NAB Visa Mini.” Each of the four has great offers of its own, giving you the best out of what you want and what you need with low interest rate that will fit right in your budget.

If you think you want to indulge in all these offers that NAB has for its customers, then you are very much welcome to be part of their fast growing company by investing your money where it will truly be protected.