Business
NAB’s cash earnings boosted as economic conditions improve – Sydney Morning Herald
NAB has reported its loan deferrals are falling and cash earnings growing after a tough first six months of 2020 as the financial sector was rattled by COVID-19….
Improving economic and health outcomes in Australia and New Zealand are encouraging as are the reductions we are seeing in deferral balances, he said. However, there are still a number of uncertainties requiring further clarity.
Mr McEwan said ongoing COVID-19 restrictions and the tapering off of government support will have an impact on the big four bank and its customers.
NAB provided an update on its loan deferrals, which have now fallen to about $2 billion for businesses and $1 billion for mortgage…
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