Travel Insurance National Australia Bank Video
Travel Insurance National Australia Bank
National Australia Bank Considering Sale Of Life Insurance Unit
National Australia Bank is considering the sale of its life insurance unit worth an estimated 0 million, seeking to boost earnings and returns on capital, people familiar with the matter told Reuters.
Under new CEO Andrew Thorburn, Australia’s fourth-largest bank by market value hopes to speed up the disposal of assets to help it focus on its domestic and New Zealand franchises.
Last month, it announced plans to list U.S. bank Great Western Bancorp Inc, adding that it could offload 100 percent of its ownership over time.
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