NAB’s bad loans ratio climbs as Covid moratoria expire

National Australia Bank’s (NAB) ratio of troubled loans climbed to its highest level in seven years in January, largely due to mortgage borrowers falling behind on repayments after exiting Covid-19 moratoria.

Impaired assets – made up of defaulted exposures and loans in arrears by 90 days or more – equalled 1.18% of gross loans and advances in January, up 17 basis points on end-December and well above the prior end-June peak of 1.06%. It was the highest ratio for NAB’s continuing operations

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net 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 Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net 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