NAB national australia bank limited

News: NAB National Australia Bank third-quarter cash profit rises 10.3%

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    Aug 12 (Reuters) - National Australia Bank Ltd (NAB) , the country's No. 3 lender, said on Thursday its third-quarter cash profit jumped 10.3% as it was able to move funds set aside for potential COVID-19 losses back into profit.

    The bank said cash profit for the quarter ended June 30 was A$1.70 billion ($1.25 billion), compared with A$1.55 billion reported a year earlier.

    ($1 = 1.3559 Australian dollars)

 
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