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April 18, 2015 10:20 AM ET

Banks

Company Overview of National Australia Group Europe Limited

Company Overview

National Australia Group Europe Limited, through its subsidiary, offers retail and commercial banking services. The company was incorporated in 1987 and is based in London, United Kingdom. National Australia Group Europe Limited operates as a subsidiary of National Equities Limited.

88 Wood Street

London,  EC2V 7QQ

United Kingdom

Founded in 1987

Phone:

44 2077 102 100

Fax:

44 2077 101 351

Key Executives for National Australia Group Europe Limited

Chief Executive Officer and Executive Director
Chief Financial Officer
Operations & IT Director
Executive Director
Age: 60
Executive Director
Age: 43
Compensation as of Fiscal Year 2014.

National Australia Group Europe Limited Key Developments

National Australia Group Europe Limited to Appoint David Duffy as Executive Director

National Australia Bank and the board of Clydesdale Bank PLC have announced that David Duffy will be invited to join the board of National Australia Group Europe Limited as an Executive Director. David Duffy joins from Allied Irish Banks where he has been Chief Executive Officer since December 2011.

Clydesdale Bank and National Australia Group Europe Appoint Adrian Grace as Non-Executive Director

Clydesdale Bank Plc announced the appointment of Adrian Grace as a non-executive director of the lender and parent National Australia Group Europe Ltd. Grace, currently CEO of AEGON NV's AEGON UK Plc, previously served as a managing director within the corporate division of HBOS Plc, now part of Lloyds Banking Group Plc.

National Australia Group Europe Limited Reports Group and Company Earnings Results for the Year Ended September 30, 2014

National Australia Group Europe Limited reported group and company earnings results for the year ended September 30, 2014. For the year, the group reported interest income and similar income of £1,135 million compared to £1,209 million a year ago. Net interest income was £772 million compared to £756 million a year ago. Total operating income of £969 million compared to £946 million a year ago. Operating loss before impairment losses of £160 million compared to operating profit before impairment losses of £95 million a year ago. Loss on ordinary activities before tax of £234 million compared to £49 million a year ago. Loss attributable to equity holders of the parent of £198 million compared to £44 million a year ago. Net cash used in operating activities of £569 million compared to net cash provided by operating activities of £3,838 million a year ago. Purchase of tangible fixed assets was £23 million compared to £37 million a year ago. Purchase of intangible assets was £251 million compared to £50 million a year ago. For the year, the company reported loss of £386 million compared to £89 million a year ago. Net cash used in operating activities of £11 million compared to net cash provided by operating activities of £2 million for the last year.

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