NAB hiring in business banking arena
National Australia Bank (NAB) has revealed it intends pursuing an aggressive strategy to maintain its market share in the business banking arena, including hiring up to 200 new personnel and growing its presence in NSW, WA and Queensland.
The strategic direction was revealed by NAB’s group executive, business banking, Joseph Healy, to a financial services conference and released to the Australian Securities Exchange.
However, at the same time as outlining the bank’s relatively aggressive strategy, Healy’s presentation also pointed to the decrease in business confidence and conditions that had been encountered through the first half of 2009 and the rise in the volume of loan loss provision charges, defaulted loans and impaired assets.
As well as flagging the employment of between 150 and 200 bankers and product specialists, the NAB presentation also referenced the opening of 12 new business banking centres.
AUTHOR
Mike Taylor
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