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(Reuters) -National Australia Bank Ltd, the country's No. 2 lender, said on Thursday it will start a further on-market share buyback of up to A$2.5 billion ($1.87 billion), following the completion of a similar repurchase.
The new buyback will reduce the bank's common equity tier 1 (CET1) capital ratio by about 58 basis points towards its target range of 10.75% to 11.25% over time, the company said.
Melbourne-headquartered NAB said it expects to start the buyback after its half-year results an...
>>> Read more: Australia's NAB to start new A$2.5 billion share buyback
The new buyback will reduce the bank's common equity tier 1 (CET1) capital ratio by about 58 basis points towards its target range of 10.75% to 11.25% over time, the company said.
Melbourne-headquartered NAB said it expects to start the buyback after its half-year results an...
>>> Read more: Australia's NAB to start new A$2.5 billion share buyback
