Brand analysis
National Australia Bank has added +1 to its Overall Effort Score wave on wave, but that hasn’t been enough to take third place in the Financial Services in Australia table this time.
While AMP’s gain of +3 wave on wave snubbed National this time around, the brand has posted consistent scores wave on wave in three of the four pillars, and increased its Valuing the Customer score by +1.
In 2024, the bank refreshed its strategy in a bid to become more customer centre, grow the core business banking franchise, drive performance in deposits and improve proprietary home lending.
In the past six months it has increased its share of lending to small businesses, with CEO Andrew Irvine describing NAB as in “good shape”.
Focussing on these building blocks is a great to way to perform in Customer Effort, so it's no surprise to continue to see NAB doing well in the Index.