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BRIEF-NAB Says Sustained Low Rate Environments In Australia, NZ Expected To Impact Group NIM By About 6Bps In FY21

Published 05/11/2020, 08:18 am
Updated 05/11/2020, 08:24 am
NAB
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Nov 5 (Reuters) - National Australia Bank Ltd NAB.AX :

* SUSTAINED LOW RATE ENVIRONMENTS IN AUSTRALIA AND NEW ZEALAND EXPECTED TO IMPACT GROUP NIM BY ABOUT 6BPS IN FY21

* FY21 TIER 2 ISSUANCE EXPECTED TO BE ABOUT $5BN

* COMMITMENT OF ENVIRONMENTAL FINANCING TARGET OF $70BN BY 2025

* COMMITMENT TO REDUCE THERMAL COAL MINING FINANCING BY 50% BY 2028 TO BE EFFECTIVELY ZERO BY 2035

* COMMITMENT TO SOURCE 100% OF OUR ELECTRICITY CONSUMPTION FROM RENEWABLE SOURCES BY 2025

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