Aug 16 (Reuters) - National Australia Bank (NAB) :
- QTRLY UNAUDITED CASH EARNINGS A$1.75 BILLION
- AS AT JUNE 30, CET1 RATIO 12.6%
- QTRLY NET INTEREST MARGIN WAS STABLE
- QTRLY CREDIT IMPAIRMENT CHARGE A$118 MILLION
- CONTINUE TO TARGET PRODUCTIVITY SAVINGS OF APPROXIMATELY A$400 MILLION IN FY24
- QUARTER-END RATIO OF NON-PERFORMING EXPOSURES TO GROSS LOANS AND ACCEPTANCES 1.31%
- ECONOMIC ENVIRONMENT, INCLUDING PERSISTENT INFLATIONARY PRESSURES, IS CHALLENGING FOR OUR CUSTOMERS
- AS AT QUARTER END, RATIO OF COLLECTIVE PROVISIONS TO CREDIT RISK WEIGHTED ASSETS INCREASED BY 4 BPS TO 1.51%
- WHILE MOST CUSTOMERS ARE PROVING RESILIENT, NOT UNEXPECTEDLY WE HAVE SEEN ASSET QUALITY DETERIORATE FURTHER IN 3Q24
- LIQUIDITY AND COLLECTIVE PROVISION COVERAGE ARE HEALTHY
- CAPITAL REMAINED STRONG OVER QUARTER
- COST GROWTH IN FY24 TO BE LOWER THAN FY23
(([email protected];))
News: NAB NAB Logs Qtrly Unaudited Cash Earnings Of A$1.75 Billion
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