NAB lifts cash profit 8.5% to $3.15 billion
The National Australia Bank's 2014 half year results were released last week showing a significant increase in cash profit by 8.5% to $3.15 billion in the 6 months leading up to March 31st. A reduction in bad debt helped improve earnings, lifting the company's overall dividends.
NAB CEO, Cameron Clyne said the Group had achieved a good result for the sixth months, with the economic environment continuing to improve during the period.
"This result shows continued momentum in our Australian franchise with good growth over the year in home lending, up 5.8%, and retail customer satisfaction increasing 120 basis points," he said.
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