NAB revises FX options losses to A$360 million

The revised figure follows a revaluation of the bank’s entire forex options portfolio, which revealed a further A$175 million loss on top of the A$185 million announced last week. This means NAB will post after tax losses of A$252 million. The bank had initially estimated the pre-tax loss to be A$180 million.

“We have worked as quickly as possible to identify all of the losses arising from the foreign currency options trading accurately,” said NAB chief executive Frank Cicutto, adding that an

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: