NAB Stats

By   |   Verified by David Boyd   |   Updated 27 May 2024

National Australia Bank (NAB) is one of Australia's leading financial institutions, with a total loan book of approximately $700 billion and deposits totalling around $590 billion. While these figures place NAB third among Australia's "Big Four" banks in terms of overall size, the bank stands out as the market leader in business lending within the country.

NAB's commitment to supporting Australian businesses is evident in its impressive 21% market share in the business lending sector. This figure surpasses the market shares of both Westpac and Commonwealth Bank [1], solidifying NAB's position as the go-to bank for businesses seeking financial support.

Key NAB statistics

Key NAB statistics

  • Market share: Manages $1,029 billion in assets as of FY 23, the smallest of Australia’s Big Four banks and holds a 19% market share in total assets in New Zealand as of June 2023.
  • Leadership: CEO Peter King since April 2020.
  • Headquarters: 275 Kent St, Sydney, since 2006.
  • Operations: Over 800 branches across Australia in 2022, with plans to consolidate more than 100 within 18 months. It serves 13 million customers worldwide and employs around 36,000 staff. Provides 7,000 fee-free ATMs across Australia.
  • History: Established in 1982 from the merger of the Bank of New South Wales (founded in 1817) and the Commercial Bank of Australia.
  • Acquisitions: Over $17.5 billion was spent on key acquisitions, including St.George Bank (2008) and MoneyBrilliant (2021).
  • Legal issues: $113 million penalty for multiple legal issues in 2022 and a record fine 2020 for money laundering breaches.

Andrew Irvine was appointed on 2 April 2024 as Group Chief Executive Officer and Managing Director. He was head of NAB’s Group Executive Business and Private Banking since 2020 [2].

NAB is headquartered in a tower at 395 Bourke Street, Melbourne. [3]

NAB's workforce comprises more than 38,000 employees globally, supporting more than eight and a half million customers in Australia and overseas across personal accounts, small, medium and large businesses, private clients, and government and institutional activities. [4]

In 2023, NAB ranked 50 in the world’s largest banks, up 6 places from the previous year. It outranked ANZ and Westpac at 54 and 55. [5]

In January of 2024, NAB decided to close down 36 of its branches across Australia due to the increased use of online banking. [6]


National Australia Bank was formed in 1982 as the National Commercial Banking Corporation of Australia Limited with the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney. Subsequently, the resulting company was renamed National Australia Bank Limited. [7]

Acquisitions in the 2020s

In 2021, NAB acquired Neobank 86400 to combine it with U-bank, a branchless direct bank trading separately.[8]

In June 2022, NAB acquired Citigroup's Australian consumer business.

In April 2022, the Group completed the acquisition of 100% of the issued share capital of Lantern Claims Pty Limited, which operates the digital health claiming technology business LanternPay. [9]


Here are some of the damages done to NAB’s reputation over the years.

“Former NAB foreign currency options traders sentenced” [10]

In 2006, a former NAB adviser was jailed for eight years. [11]

Former NAB employee Rosemary Rogers jailed for eight years over invoice scam [12]

Loaning $1.2 billion to the fossil fuel industry in contravention of the Paris Climate Accord [13]

Regulator sues NAB for no-service scandal as industry faces $1bn bill [14]

Products and services

NAB offers a wide range of financial products and services for individuals and businesses. Click on the link for a more detailed report. [15]

Global presence

With 50 years of experience in Asia, NAB has a network of offices in China, Hong Kong (SAR of China), Japan and Singapore, supporting corporate investment and business across the region.

NAB has been in the UK for nearly 160 years, providing local expertise and insight into the UK and European markets and access to tailored solutions.

In 2022, NAB Europe opened a new banking subsidiary incorporated in Paris, France.

NAB has 50 years of experience in the US market, supporting large US-based global institutions with business and investment needs in Australia and New Zealand. Based in New York,

NAB assists large corporate, institutional and government organisations with complex banking needs in New Zealand through the Bank of New Zealand, a wholly-owned subsidiary of the National Australia Bank Group. [16]

NAB salaries

The average salary for a NAB employee is $99,000 per annum with a $8,000 bonus. [17]