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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
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(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

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