(Adds details of buyback)
March 24 (Reuters) - National Australia Bank Ltd (NAB) , the country's No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion of a similar repurchase.
The new buyback will reduce the bank's common equity tier 1 (CET1) capital ratio by about 58 basis points towards its target range of 10.75% to 11.25% over time, the company said.
Melbourne-headquartered NAB said it expects to start the buyback after its half-year results announcement on May 5.
NAB said on Thursday it has completed another $2.5 billion on-market buyback, of 86.9 mln ordinary shares of the company.
($1 = 1.3342 Australian dollars)
News: NAB UPDATE 1-Australia's NAB to start new A$2.5 bln share buyback
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Last
$39.36 |
Change
0.100(0.25%) |
Mkt cap ! $120.5B | |||
| Open | High | Low | Value | Volume |
| $39.36 | $39.76 | $39.30 | $148.6M | 3.771M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2541 | $39.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.44 | 74 | 1 |
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| Last trade - 16.10pm 30/06/2025 (20 minute delay) ? |
| NAB (ASX) Chart |