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BRIEF-National Australia Bank Announces Final Dividend Of 83 Cents Per Share

Published 07/11/2019, 08:13 am
Updated 07/11/2019, 08:14 am
© Reuters.  BRIEF-National Australia Bank Announces Final Dividend Of 83 Cents Per Share
NAB
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Nov 7 (Reuters) - National Australia Bank Ltd NAB.AX :

* ANNOUNCES FINAL DIVIDEND OF 83 CENTS PER SHARE

* FY CASH EARNINGS $5,097 MILLION

* FY NET INTEREST INCOME $13,614 MILLION VERSUS $13,467 MILLION

* AS AT SEPT 30, GROUP CET1 RATIO 10.38 PERCENT

* FY NET INTEREST MARGIN DECLINED 7 BASIS POINTS TO 1.78%

* NOW HAVE MORE THAN 950 PEOPLE DEDICATED TO REMEDIATING CUSTOMERS

* IN FY19 RECOGNISED ADDITIONAL CHARGES OF $1,100 MILLION AFTER TAX FOR CUSTOMER-RELATED REMEDIATION

* AUSTRALIAN ECONOMIC GROWTH IS EXPECTED TO REMAIN BELOW TREND IN 2020 AND 2021

* CONTINUE TO TARGET CUMULATIVE COST SAVINGS OF AT LEAST $1 BILLION BY 30 SEPTEMBER 2020

* WELL PLACED TO MEET APRA'S 'UNQUESTIONABLY STRONG' CAPITAL BENCHMARK BY 1 JANUARY 2020

* AUSTRALIAN UNEMPLOYMENT RATE IS FORECAST TO EDGE HIGHER SourceL: Further company coverage: NAB.AX

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