NAB national australia bank limited

News: NAB National Australia Bank Reports Q1 Statutory Net Profit A$1.80 Billion

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    Feb 10 (Reuters) - National Australia Bank Ltd (NAB) :

    • 2022 FIRST QUARTER TRADING UPDATE
    • Q1 STATUTORY NET PROFIT A$1.80 BILLION
    • Q1 CASH EARNINGS A$1.80 BILLION
    • Q1 CREDIT IMPAIRMENT CHARGE (CIC) WAS WRITE-BACK OF A$35 MILLION
    • QTRLY NET INTEREST MARGIN (NIM) DECLINED 5 BASIS POINTS (BPS) TO 1.64%
    • IN AUSTRALIA, OVER THE THREE MONTHS TO DECEMBER 2021, HOME LENDING GREW 2.6%
    • QTRLY EXPENSES INCREASED 2% MAINLY REFLECTING HIGHER SALARIES AND LEAVE COSTS
    • CET1 RATIO AS AT QUARTER END, 12.4 %
    • CONTINUE TO TARGET BROADLY FLAT EXPENSES IN FY22
    • DISRUPTIONS TO SUPPLY CHAINS AND LABOUR MARKETS CAUSED BY THE RECENT SPREAD OF OMICRON PRESENT CHALLENGES FOR SOME OF OUR CUSTOMERS
    • REMAIN OPTIMISTIC ABOUT OUTLOOK FOR AUSTRALIA AND NEW ZEALAND
    • WE REMAIN OPTIMISTIC ABOUT THE OUTLOOK FOR AUSTRALIA AND NEW ZEALAND
    • VOLUMES HAVE BEEN STRONG OVER THE QUARTER WITH LENDING AND DEPOSITS EACH UP A$18 BILLION
    • PROPOSED ACQUISITION OF CITIGROUP AUSTRALIAN CONSUMER BUSINESS IS EXPECTED TO COMPLETE IN 1HCY2022
    • CET1 RATIO INCLUDES 53 BPS IMPACT FROM PAYMENT OF 2021 FINAL DIVIDEND, 15 BPS IMPACT OF SHARES ACQUIRED UNDER ONGOING ON-MARKET BUY-BACK
 
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Last
$39.75
Change
0.870(2.24%)
Mkt cap ! $121.7B
Open High Low Value Volume
$39.17 $39.77 $39.11 $174.5M 4.405M

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No. Vol. Price($)
1 639 $39.72
 

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Price($) Vol. No.
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