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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.