National Australia Bank (ASX:NAB) stated that its common equity tier 1 capital will see an uptick of 18 basis points at Level 2, following the withdrawal of its operational risk capital add-on.

The bank noted an announcement from APRA, Australia’s prudential regulator, detailing the removal of a A$500 million operational risk capital add-on.

National Australia Bank is one of the four largest financial institutions in Australia offering banking services to individuals and businesses across the globe.