“Our NZ, US and Asian businesses have all made good progress in a difficult year, further strengthening their fundamentals while staying focused on delivering longer-term success through a clear strategy for growth.”

Andrew Thorburn, Group Executive, New Zealand, Asia and the United States

Our Asian operations consist of three lines of business – wholesale banking, business and institutional banking, and personal banking. NAB Asia employs 350 people in Singapore, Hong Kong and Japan, and services over 20,000 individual and corporate customers.

STRATEGY

Australia is increasingly connected to Asia. Today we are focused on the rapidly growing two-way trade and investment flows between Australia and Asia, and capturing opportunities from migrants' flows in wealth and personal banking. We are also creating options for the future, progressing our China and India banking branch licences and investing in new technology.

PERFORMANCE

NAB has established teams spanning Asia, Australia and New Zealand to ensure customers have the best possible solutions available to them.

Highlights for the past year include:

• The launch of our business banking solutions, including comprehensive trade finance offerings, in Hong Kong, Japan and Singapore.
• The achievement, for the fourth consecutive year, of Asiamoney's 'Best Local Currency Cash Management' Award by our International Payments Team, Working Capital Services and Business Banking.
• The nomination of NAB Hong Kong for a Caring Company Award in recognition of the work employees do for charitable causes such as the Evangel Children's Home, St James' Settlement Food Bank and Earthcare.

Find out how NAB Asia developed a vertical financing solution for Parkway, Singapore's largest listed private hospital operator.