Banks have been struggling to grow profits as they have exited areas such as wealth management, credit growth has deteriorated and regulatory costs, capital requirements and offshore funding costs have risen.
NAB was listed as owing $12 million, placing it in the middle of the pack rather than at the top, as would have been the case had the $34.6 million figure been disclosed.
Yang, who began her career as an investment assistant at MIMB Investment Bank Bhd in 1972 and rose through the ranks, has been happily retired since 2002, and now spends much of her time on charity work.
As part of the government's effort, reduction in international business is helping lenders improve focus on domestic growth thereby improving their net interest margins and reducing operating expenditure
Under questioning from counsel Michael Hodge, Mr Hagger said the bank had not told ASIC the exact details of higher figure because it was awaiting final sign off from the board of the trustee, which managed the fund.
The move could encourage other lenders to follow suit, bringing an end to 12 years of cheap home financing in the city, observers say