May 3 (Reuters) - National Australia Bank Ltd NAB.AX :
* H1 NET INTEREST INCOME $6750 MILLION VERSUS $6,393 MILLION
* H1 CASH EARNINGS $2,759 MILLION VERSUS $3,294 MILLION
* H1 STATUTORY NET PROFIT ATTRIBUTABLE $2,583 MILLION VERSUS $2,545 MILLION A YEAR AGO
* INTERIM DIVIDEND OF 99 CENTS PER SHARE
* H1 NET INTEREST MARGIN UP 5 BASIS PTS
* AS AT MARCH 31, GROUP COMMON EQUITY TIER 1 (CETI) RATIO OF 10.21%, UP 15BPS FROM SEPTEMBER 2017
* H1 CREDIT IMPAIRMENT CHARGES DECLINED 5.3 PERCENT TO $373 MILLION
* EXPECT TO MEET APRA'S 'UNQUESTIONABLY STRONG' TARGET OF 10.5% BY JANUARY 2020
* INTENDS TO EXIT OTHER WEALTH MANAGEMENT BUSINESSES INCLUDING MLC
* CONTINUES TO EXPECT FY18 EXPENSES TO GROW 5-8%, WITH EXPENSES THEN TARGETED TO REMAIN BROADY FLAT OVER FY19-20
* INTENDS TO EXIT ADVICE, PLATFORM & SUPERANNUATION AND ASSET MANAGEMENT BUSINESSES, CURRENTLY OPERATING UNDER MLC AND OTHER BRANDS
* "WE ARE TARGETING SEPARATION BY THE END OF 2019 CALENDAR YEAR VIA PUBLIC MARKETS OPTIONS INCLUDING DEMERGER AND IPO"
* EXPECTS THERE WILL BE ONGOING ARRANGEMENTS BETWEEN NAB AND MLC TO OFFER NAB CUSTOMERS CONTINUED ACCESS TO ADVICE AND PRODUCTS
* "WE ARE MOVING TO A SIMPLER WEALTH OFFERING THROUGH JGWERE AND NABTRADE"
* AROUND 1050 FTE EMPLOYEES LEFT NAB BY END OF APRIL, AGAINST TARGET OF 6,000 BY END OF FY20