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Capital management

The Group's capital management objectives are to optimise returns to shareholders whilst supporting the growth requirements of the business and satisfying the needs of regulators and rating agencies.

This involves ensuring that there is an efficient mix of capital (Tier 1 and Tier 2) to cover both regulatory needs and rating agency expectations.

Wholesale funding

The Group’s wholesale funding objectives are to provide a structurally sound balance sheet whilst providing cost-effective funding to NAB’s general banking business and its member banks.

The Group’s business activity and growth is funded through a prudent mix of wholesale funding across maturity profiles, geographies and investors.

The Group achieves these objectives through a diverse range of funding programmes that enable access to the major wholesale funding markets.

Securitisation is used by the NAB Group to assist in achieving the overall Group funding and Capital management objectives.