SYDNEY, May 5 (Reuters) - National Australia Bank (NAB), the country's No. 1 lender, on Thursday posted a 6.5 percent rise in first-half cash profit as its wealth business boasted double-digit earnings growth.
Cash profit for the first six months to end of March rose to A$3.31 billion ($2.47 billion) compared with A$3.1 billion a year ago and analysts' estimate of A$3.35 billion.
The result comes in a week of forecast lagging performances from No.3 lender Westpac Banking Corp (WBC) and No. 4 ANZ Banking Group (ANZ), confirming the negative trend for the country's banks as they battle a downturn in commodities prices and tougher capital requirements. ($1 = 1.3414 Australian dollars)
News: National Australia Bank H1 cash profit rises 6.5 pct
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Last
$43.72 |
Change
0.175(0.40%) |
Mkt cap ! $133.8B | |||
| Open | High | Low | Value | Volume |
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| NAB (ASX) Chart |