new thread, page-124

Have you been up to date with the NAB $6bn balance sheet item that had the cfo Michael Ulmer baffled?
Was this a derivative transaction used to increase the net interest earnings???
Not too sure, could you possibly shed some light and any effects it will have on nab moving forward.
Also was it a loophole in the accounting treatment?

In the domestic banks, I have always been a critic of the cba. Possibly thinking more in terms of a customer viewpoint than a security owner which has probably been overshadowed by many. But the cba has been on the forefront of both growth and good risk management principle since the Murray days. I think the nab has got huge potential and very smart people at the helm. These two are my pick.