🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

REFILE-BRIEF-National Australia Bank says FY group NIM declined 2 basis points

Published 27/10/2016, 08:54 am
© Reuters.  REFILE-BRIEF-National Australia Bank says FY group NIM declined 2 basis points
NAB
-

(Corrects Eikon source text)

Oct 26 (Reuters) - National Australia Bank Ltd NAB.AX :

* Final dividend 99 cents per share fully franked, $2.63 billion declared

* FY cash earnings were $6.48 billion, an increase of $261 million

* FY net profit attributable to owners of company was $352 million, down 94.4 pct

* FY charge for bad and doubtful debts (B&DDS) rose 7.0 pct to $800 million

* FY Group net interest margin (NIM) declined 2 basis points mainly due to higher funding costs

* FY excluding discontinued operations, statutory net profit decreased 5.6 pct to $6.42 billion

* Group's common equity tier 1 (CET1) ratio was 9.8 pct as at 30 September 2016, an increase of 8 basis points

* "Group's CET1 target ratio remains between 8.75 pct - 9.25 pct, based on current regulatory requirements" Source text for Eikon: ID:nASXBn1Wp Further company coverage: NAB.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.