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BRIEF-National Australia Bank Proposes Interim Dividend Of 83 Cents Per Share

Published 02/05/2019, 08:39 am
Updated 02/05/2019, 08:40 am
© Reuters.  BRIEF-National Australia Bank Proposes Interim Dividend Of 83 Cents Per Share
NAB
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May 2 (Reuters) - National Australia Bank Ltd NAB.AX :

* PROPOSED INTERIM DIVIDEND OF 83 CENTS PER SHARE

* H1 NET INTEREST INCOME $6,776 MILLION VERSUS $6,750 MILLION

* ALL CONTINUING DIRECTORS WILL TAKE A REDUCTION IN 2019 DIRECTORS' FEES, EQUIVALENT TO 20 PERCENT OF THEIR 2018 BASE FEE

* H1 CASH EARNINGS $ 2,954 MLN VS $ 2,759 MLN

* GROUP'S CET1 RATIO WAS 10.40% AT 31 MARCH 2019

* H1 NET INTEREST MARGIN 1.79% VS 1.87% A YEAR AGO

* H1 NET PROFIT ATTRIBUTABLE $2,694 MLN VS $2,583 MLN

* H1 CREDIT IMPAIRMENT CHARGES $ 449 MLN, UP 20.4 PCT

* 1H19 EARNINGS INCLUDE A FURTHER $525 MLN IN CUSTOMER-RELATED REMEDIATION COSTS

* BOARD DETERMINED TO PARTIALLY UNDERWRITE THE 1H19 DIVIDEND REINVESTMENT PLAN

* CONTINUE TO TARGET BROADLY FLAT EXPENSE GROWTH FOR FY19 AND FY20 EXCLUDING LARGE NOTABLE EXPENSES

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