This report does not constitute a rating action. SYDNEY (S&P Global Ratings) Nov. 5, 2026--National Australia Bank Ltd. (NAB) is well-positioned to navigate economic and competitive pressures. This is backed by momentum in business banking, coupled with robust capital levels, high asset quality, and adequate provisioning. NAB, one of Australia's four major lenders, today reported a solid full-year 2026 performance, demonstrating resilience across all key rating factors. The bank's cash earnings, excluding large notable items, was A$7.1 billion for the year ended Sept. 30, 2026, flat compared with the previous year. Sound loan growth of 5.2% over the 12 months, combined with a 6-basis-point (bp) increase in net interest margin to 1.80%, supported the result. The bank's A$714 million increase
