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BRIEF-National Australia Bank says June-qtr statutory net profit about $1.6 bln

Published 15/08/2016, 08:07 am
© Reuters.  BRIEF-National Australia Bank says June-qtr statutory net profit about $1.6 bln
NAB
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Aug 15 (Reuters) - National Australia Bank Ltd NAB.AX :

* Nab 2016 third quarter trading update NAB.AX

* Says on statutory basis, unaudited net profit attributable to owners of company for June quarter was approximately $1.6 billion

* Qtrly unaudited cash earnings for continuing operations were approximately $1.6 billion, down 3 percent

* Group's common equity tier 1 (cet1) ratio was 9.5% at 30 June 2016

* Group's cet1 target ratio remains 8.75% - 9.25%, based on current regulatory requirements

* Group's leverage ratio at 30 June 2016 was 4.9% on an apra basis

* Charge for bad and doubtful debts for the quarter rose 21% to $228 million

* June quarter, on cash earnings basis for continuing operations, revenue was broadly stable compared with quarterly average of March 2016 HY

* Source text for Eikon ID:nASX82Xf1x

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