May 5 (Reuters) - National Australia Bank Ltd NAB.AX :
* Simpler, more focused business, with improving momentum NAB.AX
* HY cash earnings of $3.31 billion, up 6.5%
* HY statutory net loss of $1.74 billion
* HY charge for bad and doubtful debts (B&DDS) was $375 million, down $24
million
* Says CET1 ratio of 9.7% as at end March 2016
* On a cash earnings basis HY revenue increased 3.3%
* Says as at March 31, 2016 ratio of collective provision to credit risk
weighted assets was 0.98 percent
* "Group's CET1 target ratio remains between 8.75%-9.25%"
* Says interim dividend unchanged at 99 cents per share fully franked
* Long term partnership and sale of 80% of life insurance business to Nippon
Life is progressing well
* Long term partnership and sale of 80% of life insurance business to Nippon
Life remains on track for finalisation in H2 of calendar year 2016
* Source text for Eikon ID:nASX46QpVN
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