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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  National Australia Bank Limited    NAB   AU000000NAB4

NATIONAL AUSTRALIA BANK LIMITED

(NAB)
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National Australia Bank : NAB opens door on new FHLDS places

10/20/2020 | 08:20pm EST

NAB has today opened a new waitlist for the First Home Loan Deposit Scheme (FHLDS) New Home Guarantee, with eligible customers now able to apply for conditional approval as the first step to securing their first home.

The new waitlist applies to the additional 10,000 FHLDS Scheme places announced earlier this month by the Federal Government, to support Australians build their first home or buy a newly-built property. This is on top of the 10,000 places that became available on July 1.

NAB Executive Home Ownership Andy Kerr said NAB was proud to continue its association with the FHLDS as it continues to help Australians purchase their first home sooner.

'We're excited to open the door to new entrants to the First Home Loan Deposit Scheme (New Home Guarantee) and we expect the same strong demand we've seen since the initiative was first launched in January,' Mr Kerr said.

'The expansion of the Scheme will provide more opportunities for Australians to enter the housing market, while the focus on new builds will also support Australia's critical construction sector.'

NAB has supported thousands of Australians buy their first home through the Scheme since January 1.

'We understand buying a first home is both an exciting and daunting process and we're here to help our customers through this journey,' Mr Kerr said.

'We encourage interested first home buyers to contact a NAB banker or their broker as soon as possible to talk through their options and how to apply.'

First home buyers can get in touch with NAB's specialist team of lenders through nab.com.au/fhbscheme.

Background

  • NAB's waitlist for the first allotment of FHLDS in FY20 places remains closed.

Disclaimer

NAB - National Australia Bank Ltd. published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 00:19:01 UTC


© Publicnow 2020
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Sales 2021 17 040 M 12 673 M 12 673 M
Net income 2021 4 989 M 3 710 M 3 710 M
Net Debt 2021 - - -
P/E ratio 2021 16,3x
Yield 2021 3,92%
Capitalization 75 450 M 56 151 M 56 117 M
Capi. / Sales 2021 4,43x
Capi. / Sales 2022 4,38x
Nbr of Employees 31 372
Free-Float 99,5%
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Average target price 23,10 AUD
Last Close Price 22,97 AUD
Spread / Highest target 8,84%
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Ross Maxwell McEwan Group CEO, Managing Director & Director
Philip Wayne Chronican Chairman
Patrick C. Wright Chief Technology & Operations Officer
Gary A. Lennon Group Chief Financial Officer
Geraldine Celia McBride Independent Non-Executive Director
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