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Paris new EU base for NAB

NAB has made up its mind on a post-Brexit business model for its European operations, and will seek to "establish a licensed subsidiary in Paris".NAB is seeking authorisation to establish the subsidiary as a credit institution in France.David Gall, the bank's chief customer officer for institutional Banking, said NAB "was building on its already strong position in Europe."NAB is among the top 10 banks globally by project finance deal value and transaction numbers," he said. "Our subsidiary will offer a range of wholesale banking and investment services products to our customers in the European Economic Area."

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