NAB 0.48% $39.51 national australia bank limited

Feb 7 (Reuters) - National Australia Bank Ltd (NAB) : Q1...

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    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

    (([email protected];))

 
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