National Australia Bank (abbreviated As "NAB"), Is A Major Financial Services Bank In Australia, One Of The Four Largest Banks In Australia And The 21st Largest Bank In The World (according To Market Capitalization In 2019); Headquartered In Melbourne Marina, Victoria, With Operations In 10 Countries Around The World, With More Than 3,500 Branches And More Than 7,000 ATMs. Standard & Poor Gave NAB A Credit Rating Of "AA-".
History
The Predecessor Of National Australia Bank Was National Bank Of Australasia Established In 1858; The Earliest Business Was Mainly Concentrated In Victoria, During Which Some Regional Banks Continued To Join. On October 1, 1981, After Merging With The Commercial Banking Company Of Sydney, It Was Changed To Its Current Name.
On October 4, 1858, Alexander Gibb And Andrew Cruickshank Founded The National Bank Of Australasia In Melbourne, And Established The First Branch In South Australia In The Same Year; Subsequently, It Advanced To The Whole Of Australia - The Tasmanian Branch (1859), The Western Australian Branch (1866), The New South Wales Branch (1885) And The Queensland Branch (1920). At That Time, The National Bank Of Australasia Was Authorized By The Victorian Government To Issue Legal Tender.
In 1859, The First Overseas Branch Of National Bank Of Australasia Opened In Mauritius, But Was Forced To Close Within A Year. Then, In 1864, A Branch Was Established In London, Which Was Successful. In 1893, National Bank Of Australasia Failed To Survive The Banking Crisis And Was Forced To Collapse. On June 23 Of That Year, General Manager Frank Grey Smith Merged And Restructured The Formerly Closed Bank And Reopened It As A Limited Liability Company.
Over The Next Half Century, National Bank Of Australasia Was Stimulated By Mergers And Acquisitions And Continued To Grow. In 1981, National Bank Of Australasia Merged With Sydney Commercial Bank To Form National Commercial Banking Corporation Of Australia Limited, Which Was Later Renamed National Bank Of Australasia.
Main Business Areas
The Bank's Business Services Are Mainly Concentrated In Australia, New Zealand, The United States, And The United Kingdom. In Recent Years, It Has Begun To Vigorously Explore The Asian Market, Including Tokyo, Hong Kong, Singapore And Other Places With Branches And Branches.
