Aug 14 (Reuters) - National Australia Bank Ltd NAB.AX :
* AS AT JUNE 30, GROUP CET1 RATIO OF 11.6%
* QTRLY CASH EARNINGS $1.55 BILLION
* Q3 STATUTORY NET PROFIT $1.50 BILLION
* Q3 NET INTEREST MARGIN BROADLY STABLE COMPARED WITH 1H20 QUARTERLY AVERAGE
* Q3 EXPENSES UP 2% VERSUS 1H20 QUARTERLY AVERAGE DUE TO HIGHER ANNUAL LEAVE ACCRUALS & REMUNERATION
* Q3 CREDIT IMPAIRMENT CHARGES FELL 2% TO $570 MILLION COMPARED WITH 1H20 QTRLY AVERAGE
* "THE OUTLOOK REMAINS HIGHLY UNCERTAIN"
* ACHIEVING TARGET OF BROADLY FLAT FY20 EXPENSES IS NOW INCREASINGLY CHALLENGING
* OPERATIONAL SEPARATION OF MLC WEALTH WAS ACHIEVED IN JULY
* ABOUT 16% OF HOME LOAN DEFERRAL CUSTOMERS CONTACTED VIA OUR CHECK-INS HAVE RECOMMENCED PAYMENTS
* CONTINUE TO EXPECT LOW RATE ENVIRONMENT IN AUSTRALIA, NZ TO REDUCE NIM BY ABOUT 5BPS IN 2H20 (NET OF REPRICING) VERSUS 1H20
* COMPETITIVE PRESSURES REMAIN A HEADWIND FOR GROUP NIM IN 2H20
* ACTIVELY EXPLORING ALTERNATIVE TRANSACTION STRUCTURES INCLUDING SALE OF MLC WEALTH BUSINESS Source: https:// Further company coverage: NAB.AX