Arab Today, arab today australia\s nab halfyear profits up 23
Last Updated : GMT 15:02:17
Arab Today, arab today
Arab Today, arab today

Australia\'s NAB half-year profits up 23%

Arab Today, arab today

Arab Today, arab today Australia\'s NAB half-year profits up 23%

Sydney - AFP

National Australia Bank posted a 22.8 percent jump in first-half net profit Thursday on the back of higher revenue from personal and wholesale banking. Australia's fourth biggest lender said it booked a profit of Aus$2.52 billion (US$2.56 billion) in the six months to March 31. Cash earnings, which strip out volatile items and are the measure more closely watched by analysts, rose 3.1 percent to Aus$2.92 billion, "mainly due to higher earnings in personal banking and wholesale banking". "NAB has delivered a solid March half-year result, with continued growth in the Australian and New Zealand businesses and a stronger balance sheet," NAB chief executive Cameron Clyne said. He added that the bank's review of its struggling British businesses, particularly the Clydesdale and Yorkshire banks, was ahead of plan. "The UK banking business is managing a smaller and stronger balance sheet following the transfer of the vast majority of its commercial real estate portfolio to National Australia Bank Limited in October 2012," he said. Last year, NAB said it was planning to restructure its British arm, slashing more than 1,400 jobs by 2015 due to weak economic conditions. The bank provided no outlook, but said its recently updated business strategy and technology upgrade would improve customer service, reduce errors and cut costs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s nab halfyear profits up 23 Arab Today, arab today australia\s nab halfyear profits up 23

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australia\s nab halfyear profits up 23 Arab Today, arab today australia\s nab halfyear profits up 23

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday