NAB warns, will need capital

Monday, 20 April 2020

And still no COVID-19 impacts:

NAB’s last Pillar 3 disclosure suggests the bank is safe for capital for now but hardly brimming with it at 10.52% given CET1 is supposed to be above 10%:

The bank should not issue a dividend. It will need capital and soon.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.