Basic Information & Regulation National Australia Bank (NAB， for short) was formed by the merger of National Australia Bank and Sydney Commercial Bank in 1982 as National Australia Commercial Bank Ltd. and subsequently renamed National Australia Bank Ltd. National Australia Bank is one of the four largest financial institutions in Australia and is ranked 21 in the global market capitalization rankings and 52 in the As of November 2014, NAB operated 1,590 branches and service centers, with a network covering Australia, the United Kingdom, New Zealand and Asia including Hong Kong, China, Singapore, and Japan. National Australia Bank's current Board of Directors is chaired by Michael Chaney, and its Chief Executive Officer is Cameron Clyne. NAB currently holds a full license with ASIC, license number 230686. Products & Services NAB offers a wide range of products and services for individuals, businesses, and corporations. Products and services for individuals include savings, personal loans, online banking for home loans, investments, insurance, travel, and overseas banking. Products and services for businesses include loans and finance, business credit cards, payments and merchants, online banking, international and foreign exchange, insurance, insurance information, industry-specific banking, and small business. Accounts Types The main types of bank accounts available to individuals are transaction accounts, savings accounts, NAB VISA debit card accounts, and National Bank time deposit accounts. Business accounts include NAB Business Day to Day Account, NAB Business Cash Maximizer Account, NAB Farm Management Account, and NAB Community Fee Saver Account.