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National Australia Bank Limited’s (ASX:NAB) full year net profit has slumped by 22 per cent to $4.08 billion, weighed down by its troubled UK operations.
The result includes a $250 million provision for bad debts at its UK banks in addition to impairment and restructuring costs over the year to the end of September 2012.
NAB’s annual cash profit, excluding one-off financial items, dipped 0.5 per cent over the year to $5.43 billion in fiscal 2012.
CEO Cameron Clyne says the result reflects both the strength of the core Australian and New Zealand banking businesses and ongoing challenges in the UK.
A fully franked final dividend of 90 cents per share has been declared, bringing the full year pay out to $1.80 per share.
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Last
$43.02 |
Change
-0.390(0.90%) |
Mkt cap ! $131.7B | |||
| Open | High | Low | Value | Volume |
| $43.12 | $43.18 | $42.82 | $122.3M | 2.844M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 529 | $42.85 |
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| Price($) | Vol. | No. |
|---|---|---|
| $43.02 | 500 | 1 |
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| Last trade - 16.16pm 11/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |