Business
NAB posts surprise $1.5b quarterly profit – NEWS.com.au
NAB posts surprise $1.5b quarterly profit despite COVID-19 strain on customers
National Australia Bank has posted a better than expected $1.5 billion net profit for the June quarter despite ongoing financial pain from the COVID-19 pandemic on customers.The unaudited result compares with the quarterly average of the half-year result reported in April, a $1.3 billion net profit.
Revenue was up 10 per cent, reflecting higher markets and treasury income.
The steadily rising trend of loans that are overdue by more than 90 days continues to surge, reaching 1.06 per cent in the…
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