Feb 16 (Reuters) - National Australia Bank (NAB) on Thursday reported a 19% jump in its first-quarter cash profit, benefiting from the central bank's fast-paced monetary policy tightening and business lending volume growth.
The country's second-biggest lender posted cash earnings of A$2.15 billion ($1.48 billion) for the quarter ended Dec. 31, compared with A$1.80 billion a year ago. Analysts had expected cash earnings of $2.01 billion, according to Visible Alpha consensus.
($1 = 1.4480 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar;))
News: NAB National Australia Bank first-quarter cash profit rises 19%
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