National Australia Bank Limited
(ASX:NAB) is continuing with its plans to exit its shareholding in its US agribusiness bank subsidiary, Great Western Bancorp (NYSE:GWB).
Great Western Bancorp has now filed for its secondary offer in the US but the date on which the potential offering may occur is yet to be determined.
NAB CEO Andrew Thorburn had previously advised the sell down further progresses the bank’s strategy of focussing on its Australia and New Zealand franchise.
National Australia Bank reported a net profit of $3.46 billion in the six months to the end of March 2015.
