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...

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https://www.reuters.com/sustainability/sustainable-finance-reporting/australias-nab-targets-least-633-mln-lending-indigenous-businesses-2023-10-31/

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