NAB planning new initiatives

National Australia Bank is planning to announce new strategies for New Zealand and large corporate banking. NAB has yet to complete 28 of the 81 changes imposed by by APRA after the banks foreign exchange losses in 2003-04 and must hold an extra $500 million in capital until all the changes have been completed. NAB says it's aiming to complete all changes by the end of the 2006 calendar year.