Press Contacts:
 

Brandon Phillips
Global Corporate Relations
61 3 8641 3857
brandon_phillips@nag.national.com.au
 

FOR IMMEDIATE RELEASE:

NATIONAL AUSTRALIA BANK GOES LIVE
WITH KAMAKURA RISK MANAGER NET INCOME SIMULATION AND LIQUIDITY SYSTEM
The bank is processing one million records everyday

HONOLULU, November 10, 2000- Honolulu-based Kamakura Corporation and National Australia Bank announced today that National Australia Bank has gone fully operational with the daily processing of more than one million transactions using Kamakura's net income simulation software package KRM-ni for its operational liquidity management and regulatory reporting for the Bank in Australia. The daily output of the Kamakura Risk Manager system allows for liquidity risk measurement on a daily basis, which satisfies the liquidity risk measurement requirements of the Australian Prudential Regulation Authority (APRA). The Kamakura system was selected in a process that involved most of the leading risk management software vendors world-wide.

"It is not often that I get to oversee an IT project from conception to completion, and to have one that delivered under budget and which has delivered the promised benefits within days of going live is just great." said Chris Matten, Head of Group Capital Management at the National Australia Bank.

"The rapid installation and full operation of KRM at National Australia Bank is a credit to the IT and business professionals at the Bank" commented Donald R. van Deventer, president of Kamakura Corporation. "To our knowledge, the National's daily processing of more than one million transactions through a range of cash flow scenarios is the most intensive usage of a net income simulation package in the world. We are proud that the National was our partner in proving that Kamakura's net income simulation module is truly tough enough to withstand the heaviest daily production usage of any financial institution we know."

National Australia Bank is the largest bank in Australia. The National was recently named one of two banks in the world at the forefront of customer relationship management by the Business Banking Board in the United States. The Bank earned A$ 3.24 billion in the fiscal year ended September 30, 2000, making the National only the second company in Australia to break the A$ 3 billion earnings threshold. National Australia Bank has total assets of more than A$ 300 billion and earns almost half its income from international activities.