Australia's NAB targets at least $633 mln in lending to indigenous businesses

Posted on AllSides October 31st, 2023
From The Center
REUTERS/David Gray/File Photo

National Australia Bank Ltd (NAB.AX) said on Wednesday it has set a new target to more than double its lending to indigenous businesses and communities to at least A$1 billion ($633.70 million) over the next three years.

The move comes at a time when banks have borne the brunt of increased regulatory scrutiny in a push for better banking outcomes for indigenous consumers, including access to better finances and quality of life.

Earlier this year, a review by the country's corporate regulator found banks were falling short of meeting targets...

Read full story

AllSides Picks

More News about Australia from the Left, Center and Right

From the Left

From the Center

From the Right