Global Finance unveils its 25th annual listing of the best banks—globally, regionally and in 149 countries. Winners have outperformed their peers and shown the ability to adapt to rapidly changing conditions in the industry.
The bank also won five sub-category awards -- “Best Online Cash Management”, “Best Online Treasury Services”, “Best in Mobile Banking”, “Best Mobile Banking App” and “Most Innovative Digital Bank&r
But friends say he regularly opens doors for Australians in the United States, such as introducing Malcolm Turnbull to Wall Street heavyweights last year when the then prime minister visited to meet President Donald Trump.
The bank said that the move will benefit nearly 32,000 superannuation and investment clients, who will receive fee rebates and reductions worth around A$11m ($79,09,401.5) from January next year
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.