Thanks for your fast reply. Love a debate!
NAB
Growth in loans (cf 2017): Agriculture 6.9%, Health 6.7%, Comm RE 6.3%, other 3.9%
Residential first pass approval in line with 2017 however loan amount slightly less ($376,000 [2018] vs $379,000[2018])
Group net interest margin (Sept 17) 1.88% (Sept 18) 1.84%. Fall of just over 2%.
( I note an out of cycle rate rise of just 0.04% across the group, solves this, and many other banks (not NAB) did exactly similar recently)
FY18 costs savings of ~$320m = predicted >$1.0bn cost savings by FY 2020Delivered $320m of productivity savings with ~1,900 FTE exits
Yep, I don't see and evidence of NAB being "hammered" on this annual report in the predictable future (despite the naysayers) and with cost savings rising from 320 million to a billion dollars in 2020, there is plenty of upside.
Thanks for your fast reply. Love a debate!NABGrowth in loans (cf...
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Last
$34.58 |
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Mkt cap ! $107.0B | |||
| Open | High | Low | Value | Volume |
| $34.71 | $34.72 | $34.45 | $48.05M | 1.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 26 | 3183 | $34.58 |
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| $34.59 | 4032 | 21 |
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$34.67 |
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