0501 GMT - National Australia Bank's decision to close its Advantedge financial-services business might act as a near-term headwind to the lender's mortgage growth, Morgan Stanley analysts suggest. NAB is preparing to transition Advantedge loans to NAB-branded products over the next 12 to 18 months, which the MS analysts say could present some danger to customer retention. They write in a note that churn could hit NAB's mortgage growth, which they observe was in-line with industry in May. They reckon that NAB's Australia mortgage growth would fall by 1.5 percentage points over five years if its A$25 billion Advantedge portfolio were to run off over that period. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
July 01, 2025 01:01 ET (05:01 GMT)
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