(Reuters) – National Australia Bank Ltd, the country’s No. 2 lender, said on Thursday it will commence a further on-market buyback of up to A$2.5 billion ($1.87 billion) of its shares, after completing a similar repurchase.

($1 = 1.3342 Australian dollars)

(Reporting by Indranil Sarkar in Bengaluru; Editing by Shailesh Kuber)