NAB 1.78% $36.94 national australia bank limited

News: NAB NAB Posts Quarterly Cash Earnings Of A$1.90 Billion

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    Aug 15 (Reuters) - National Australia Bank Ltd (NAB) :

    • QTRLY CASH EARNINGS A$1.90 BILLION VERSUS A$1.80 BILLION REPORTED LAST YEAR
    • QTRLY STATUTORY NET PROFIT A$1.75 BILLION VERSUS A$1.85 BILLION REPORTED YEAR AGO
    • CET1 RATIO OF 11.9% AS AT QUARTER-END
    • QTRLY NET INTEREST MARGIN 1.72%
    • CONTINUE TO TARGET PRODUCTIVITY SAVINGS OF APPROXIMATELY A$400 MILLION IN FY23
    • CREDIT IMPAIRMENT CHARGE OF A$244 MILLION FOR QUARTER
    • COMPARED WITH MARCH 2023, RATIO OF COLLECTIVE PROVISIONS TO CREDIT RISK WEIGHTED ASSETS INCREASED BY 5 BPS TO 1.47% IN QUARTER
    • RATIO OF 90+ DAYS PAST DUE AND GROSS IMPAIRED ASSETS TO GROSS LOANS AND ACCEPTANCES INCREASED 5 BPS TO 0.71% FOR QUARTER
    • CAPITAL LEVELS REMAIN HEALTHY EVEN AFTER ALLOWING FOR LATEST ON-MARKET SHARE BUY-BACK ANNOUNCED TODAY
    • LIQUIDITY AND COLLECTIVE PROVISION COVERAGE ARE STRONG AND WE RAISED A$37 BILLION OF TERM FUNDING BY END JULY
 
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