News: NAB National Australia Bank Posts Q1 Unaudited Statutory Net Profit Of $1.7 Bln

Feb 7 (Reuters) - National Australia Bank Ltd (NAB) :

• Q1 UNAUDITED STATUTORY NET PROFIT $1.7 BILLION
• AT QUARTER-END CET 1 RATIO 10 PERCENT
• Q1 UNAUDITED CASH EARNINGS $1.65 BILLION
• CREDIT IMPAIRMENT CHARGES FELL 5% TO $193 MILLION OVER QUARTER
• NET INTEREST MARGIN DECLINED OVER QUARTER DUE TO PRESSURES IN HOUSING LENDING AND LOWER MARKETS AND TREASURY EARNINGS
• DELAY OF INTENDED PUBLIC MARKETS EXIT OF MLC TO FY20 IS NOW LIKELY
• CUSTOMER REMEDIATION PROGRAMS AND REGULATORY COMPLIANCE INVESTIGATIONS ARE CONTINUING IN FY19 WITH POTENTIAL FOR ADDITIONAL COSTS

Source: http//bit.ly/2DiDe09

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