🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

BRIEF-National Australia Bank Says Group CET1 Ratio 11.7% As At Dec 31

Published 16/02/2021, 08:08 am
© Reuters.
NAB
-

Feb 16 (Reuters) - National Australia Bank Ltd NAB.AX :

* 2021 FIRST QUARTER TRADING UPDATE

* AS AT DEC 31, GROUP CET1 RATIO OF 11.7%

* QTRLY CASH EARNINGS $1.65 BILLION

* QTRLY STATUTORY NET PROFIT $1.70 BILLION

* DURING QUARTER, CREDIT IMPAIRMENT CHARGES FELL 98% VERSUS 2H20 QTRLY AVERAGE

* Q1 NET INTEREST MARGIN DECLINED BUT WAS STABLE EXCLUDING IMPACT OF MARKETS & TREASURY AND HIGHER LIQUIDS

* SEES REDUCTION IN DEFERRAL BALANCES

* AS AT DEC 31, AUSTRALIAN HOME LOAN DEFERRAL BALANCES DECLINED TO ABOUT $2 BILLION

* ASSET QUALITY REMAINED BROADLY STABLE OVER Q1

* AS AT FEB 3, THE BULK OF CUSTOMERS EXITING DEFERRALS HAVE RESUMED REPAYMENTS

* CURRENT ASSET QUALITY TRENDS FOR CUSTOMERS EXITING DEFERRALS ARE WORSE THAN FOR THE TOTAL PORTFOLIO BUT BETTER THAN EXPECTED AT THIS STAGE

* CONTINUE TO TARGET FY21 EXPENSE GROWTH LIMITED TO 0-2%

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.