NAB announces half year results for 2015

National Bank of Australia announced its half year results for 2015, reporting that on a statutory basis, net profit attributable to owners of the Company was $3.44 billion - an increase of $584 million or 20.4%.

The NAB report also declared cash earnings of $3.32 billion, which saw an increase of 5.4% compared to March 2014 half year.

“At the time of our 2014 full year results we made it clear that a customer focused strategy, executed well, is at the heart of our Australia and New Zealand business. We’ve seen an improvement in our Net Promoter Score (NPS) as a result of a number of changes we’ve made to simplify the way we do business with customers, but there is more to do,” said NAB Group Chief Executive Officer Andrew Thorburn.

Earlier this week, Westpac, Commonwealth Bank and ANZ also released their half year results for 2015.