March 24 (Reuters) - National Australia Bank Ltd (NAB) :
- NAB COMPLETES A$2.5 BILLION ON-MARKET BUY-BACK AND ANNOUNCES FURTHER ON-MARKET BUY-BACK OF UP TO A$2.5 BILLION
- FURTHER BUY-BACK WILL ALLOW NAB TO CONTINUE MANAGING ITS (CET1) CAPITAL RATIO TOWARDS ITS TARGET RANGE OF 10.75 - 11.25% OVER TIME
- FURTHER ON-MARKET BUY-BACK WILL REDUCE GROUP'S CET1 CAPITAL RATIO BY APPROXIMATELY 58 BASIS POINTS
- PRO FORMA CET1 CAPITAL RATIO AS AT 31 DEC REFLECTING THAT FURTHER BUY-BACK AND OTHER ADJUSTMENTS SET OUT BELOW IS 11.3%
- SUBJECT TO MARKET CONDITIONS, NAB EXPECTS TO COMMENCE FURTHER BUY-BACK FOLLOWING ITS 2022 HY RESULTS ANNOUNCEMENT ON 5 MAY
March 24 (Reuters) - National Australia Bank Ltd (NAB) : NAB...
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