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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| National Australia Bank Limited | ASX:NAB | Australian Stock Exchange | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.55 | 9.00% | 43.01 | 41.48 | 39.40 | 1,447,600 | 20:09:08 |
From Nov 2019 to Nov 2024
By Alice Uribe
SYDNEY--National Australia Bank Ltd. recorded a rise in third-quarter profit, with better cash earnings driven by significantly better credit impairment outcomes.
NAB, the country's third-largest bank by market value and the biggest business lender, recorded an unaudited net profit of 1.65 billion Australian dollars (US$1.22 billion) for the three months through June. No comparable figure was disclosed, but it compares with a profit of A$1.50 billion reported by the bank a year ago.
It reported unaudited cash earnings--a measure adjusted for fair value and hedging movements, which is the basis for calculating dividend payouts--of A$1.70 billion, which NAB said represented a 10% increase on last year.
NAB Chief Executive Ross McEwan said house lending rose 2%, while small- and medium-business lending grew by 4.3%, both outpacing wider industry growth in recent months.
Write to Alice Uribe at alice.uribe@wsj.com
(END) Dow Jones Newswires
August 11, 2021 18:59 ET (22:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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