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BRIEF-National Australia Bank says will reclassify household data for reporting purposes

Published 25/08/2015, 08:51 am
© Reuters.  BRIEF-National Australia Bank says will reclassify household data for reporting purposes
NAB
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Aug 25 (Reuters) - National Australia Bank Ltd NAB.AX :

* NAB to reclassify household data for reporting purposes NAB.AX

* Says reclassification has no impact on customers

* Says reclassified certain household data previously provided as part of its regulatory reporting obligations

* Says NAB was committed to taking the appropriate action to correct its data reporting

* Says reclassification does not alter risk weighted assets

* Says data being restated 1 covers portfolio and flow data for the period July 2014 to June 2015

* Says will continue to review previously submitted regulatory information and make changes as necessary

* Changes as at 30 June 2015 include restatement of `housing: owner-occupied' from $165.4BN to $126.5BN

* Changes as at 30 June 2015 include restatement of `non-housing' from $11.5BN to $23.7BN

* Says the changes as at 30 June 2015 include restatement of `housing: investor' from $66.6 billion to $93.0 billion

* Says "this has no impact on our customers and is a simple reclassification of data"

* Source text for Eikon ID:nASXc5zpd6

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