Aug 9 (Reuters) - National Australia Bank Ltd (NAB) :
- 2022 THIRD QUARTER TRADING UPDATE
- Q3 STATUTORY NET PROFIT A$1.85 BILLION
- Q3 CASH EARNINGS A$1.80 BILLION
- AT QUARTER-END, GROUP CET1 RATIO WAS 11.6%
- Q3 NET INTEREST MARGIN WAS SLIGHTLY LOWER COMPARED WITH HY QTRLY AVERAGE
- Q3 CREDIT IMPAIRMENT CHARGE WAS A$11 MILLION
- CONTINUED LOW UNEMPLOYMENT, HEALTHY HOUSEHOLD & BUSINESS BALANCE SHEETS HELPING MITIGATE IMPACTS OF HIGHER INFLATION, HIGHER INTEREST RATES
- FY22 COST GROWTH IS NOW EXPECTED TO BE APPROXIMATELY 3-4%
- Q3 EXPENSES INCREASED 1% COMPARED WITH HY QTRLY AVERAGE
- WELL ADVANCED ON FY22 TERM WHOLESALE FUNDING TASK WITH A$34 BILLION RAISED BY END JUNE
- SEES MAJORITY OF CUSTOMERS WELL PLACED TO MANAGE INFLATION CHALLENGES, INCLUDING 70% OF CUSTOMER HOME LOAN REPAYMENTS AHEAD OF SCHEDULE
- PRODUCTIVITY BENEFITS EXPECTED TO EXCEED A$400 MILLION IN FY22
Aug 9 (Reuters) - National Australia Bank Ltd (NAB) : 2022...
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Last
$39.36 |
Change
0.100(0.25%) |
Mkt cap ! $120.5B | |||
| Open | High | Low | Value | Volume |
| $39.36 | $39.76 | $39.30 | $148.6M | 3.771M |
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