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Business View Australia - February 2015 7
Editor’s
Note
Welcome to the January issue of Business
View Magazine, a global leader in business-
to-business profiles, news and opinion –
whose mission is to detail the inner work-
ings of today’s most influential companies
through direct one-on-one contact with their
key decision-makers.
As always, our coverage touches a broad
range of industries.
Informative features in this month’s edition
include coverage of bounce-back efforts for
National Australia Bank, a financial services
organization with more than 42,800 em-
ployees -- operating more than 1,750 stores
and business banking centers -- and more
than 529,500 shareholders.
The group’s main operations are based in
Australia, with interests in New Zealand,
Asia, the United Kingdom and the United
States. The group aims to have fair prod-
ucts and services, fair fees and charges and
world-class relationships built on the prin-
ciples of help, guidance and advice.
The additional provisioning for UK conduct
related matters helped make 2014 a chal-
lenge, combined with capitalized software
and deferred tax asset (DTA) provisions was
disappointing. However, these issues are
being dealt with transparently and appro-
priately, and the underlying performance of
the group remains strong.
The group continued to better align the busi-
ness to the changing economic landscape
and customers’ evolving needs. It continues
to focus on enhancing the core Australian
and New Zealand franchise. At the same
time the group continues to manage its in-
ternational portfolio for value.
Check out the full-length banking piece as
well as other feature stories in this month’s
issue, including pieces on the franchising
expansion plans of the Hooters restaurant
chain and BHP Billiton’s demerger plans
that include creation of an offshoot enter-
prise called South32.
Please feel free to contact me with any com-
ments or critiques, as well as suggestions
for ways we can continue to provide a publi-
cation that’s pertinent, educational and en-
tertaining.
Until February… I wish you good health and
good business.
Regards,
Stuart MacAdam
Business View Magazine Australia
Business View Australia - February 2015 7