Dec 18 (Reuters) - National Australia Bank Ltd NAB.AX :
* CONDITIONS ARE CURRENTLY CHALLENGING, PARTICULARLY IN PRIVATE SECTOR - WITH CONFIDENCE SOFT AND WEAK CREDIT DEMAND
* IN OWN BUSINESS, ARE FACING CHALLENGES OF LOW INTEREST RATES, HIGHER REGULATORY COMPLIANCE & CAPITAL REQUIREMENTS
* WITH NEW COMPETITORS ENTERING MARKET, CO IS ALSO FACING THINNING MARGINS & GREATER COST PRESSURES
* "WE ARE LOOKING FOR LONG-TERM GROWTH, NOT ONLY QUICK WINS"