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National Australia Bank’s Limited (ASX:NAB) head of business banking has painted an upbeat picture of the economy in 2014, saying there are growing signs clients will lift their borrowing as the global outlook improves.
Joseph Healy has told media there are plenty of reasons to be confident about a long-awaited rise in borrowing.
However, the bank has not yet experienced an increase in business credit demand, making the next few months critical.
Ahead of NAB's annual meeting tomorrow Mr Healy said there were quite encouraging signs of increased interest from customers, which the bank hoped would carry into the new year.
NAB generated a net profit of $5.46 billion in fiscal 2013.
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Last
$43.36 |
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Mkt cap ! $132.8B | |||
| Open | High | Low | Value | Volume |
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| NAB (ASX) Chart |