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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.56 | 1.42% | 40.02 | 39.99 | 40.07 | 40.05 | 39.70 | 39.75 | 5,596,109 | 07:50:00 |
From Nov 2022 to Nov 2024
By Alice Uribe
SYDNEY--National Australia Bank said increased lending and deposits in its business-related divisions helped its annual profit to increase by 7.6%, with the lender lifting its final dividend by almost 8%.
The bank said net profit for the 12 months through September rose to 7.41 billion Australian dollars (US$4.74 billion). Analysts had expected a full-year net profit of A$7.71 billion, according to FactSet's consensus estimate.
Cash earnings--a profitability measure tracked closely by analysts--rose by 8.8% to A$7.73 billion. Directors of the company raised the final dividend to A$0.84 per share, compared with A$0.78 a year ago.
The group's Common Equity Tier 1 capital ratio was 12.22% at the end of September, compared with 11.51% the previous year.
Write to Alice Uribe at alice.uribe@wsj.com
(END) Dow Jones Newswires
November 08, 2023 16:34 ET (21:34 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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