National Australia Bank (ASX:NAB) to Buy Back up to A$1.5 Billion of Ordinary Shares

<WIRE> National Australia Bank (ASX:NAB) to Buy Back up to A$1.5 Billion of Ordinary Shares

Tuesday, 15 August 2023

National Australia Bank (ASX:NAB) has announced plans to buy back up to A$1.5 billion of ordinary shares.

The bank anticipates commencing the buy-back in late August 2023.

The A$1.5 billion on-market buy-back will reduce the bank’s CET1 capital ratio by approximately 35 basis points at Level 2.

When taking into account the intended share buy-back, the pro forma June 2023 CET1 ratio of National Australia Bank (ASX:NAB) stands at 11.6% at Level 2 and 11.5% at Level 1.

National Australia Bank (ASX:NAB) is a major Australian banking institution providing various financial services.

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<WIRE> National Australia Bank (ASX:NAB) to Buy Back up to A$1.5 Billion of Ordinary Shares

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