Half Year 2019 National Australia Bank Ltd Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Victor German - Macquarie Research - Analyst : Victor German from Macquarie. I was just hoping to ask two questions, one follow-up from Jon's, and also on risk-weighted assets and capital. In the past, Gary, we've seen couple of benefits from a pretty good risk-weighted asset performance relative to balance sheet growth. We haven't seen that this period and probably to some extent second half '18. Just wanted to get a little bit of sense what exactly are the moving parts and how do you expect, as we go forward, to see that relationship between growth and risk-weighted assets? And on retail banking performance, we have seen a little bit of slowdown post repricing actions. Business presumably gets one on the front book, not necessarily the back book. So I'd be interested to hear kind of what exactly is happening given that we have seen a slowdown in recent months. Are you seeing more churn in your back book? Is that what's driving slowing credit growth or just a bit more color in terms of what's happening there and how you're planning to address that?

Question: Victor German - Macquarie Research - Analyst : So it sounds like optimization is pretty much done in terms of... without the prior written consent of Thomson Reuters. 'Thomson Reuters' and the Thomson Reuters logo are registered trademarks of Thomson Reuters and its affiliated companies. MAY 02, 2019 / 12:30AM, NAB.AX - Half Year 2019 National Australia Bank Ltd Earnings Call

Question: Victor German - Macquarie Research - Analyst : Retail banking performance.

Question: Victor German - Macquarie Research - Analyst : Performance in Retail Bank and how you're planning to address it. What's exactly driving the slowdown?