Feb 16 (Reuters) - National Australia Bank Ltd (NAB) :
- Nab 2016 first quarter trading update (NAB)
- Says common equity tier 1 (cet1) ratio was 10.1% as at 31 December 2015
- On a statutory basis, unaudited net profit attributable to the owners of the company for the December 2015 quarter was approximately $1.5 billion
- Quarter revenue increased approximately 2%
- The charge for bad and doubtful debts (b&dds) for the quarter fell 52% to $84 million
- Unaudited cash earnings for continuing were approximately $1.7 billion for December 2015 quarter, which is 3% above quarterly average of September 2015 HY
- Overall impact of the demerger and IPO, including the conduct indemnity, is estimated to reduce nab's cet1 capital ratio by 49 basis points"
News: NAB National Australia Bank issues 2016 Q1 trading update
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