Business
Victorian lockdown ‘psychologically damaging’ – The Australian Financial Review
NAB chief executive Ross McEwan says Victoria is in ‘a terrible state’ and doesn’t expect to see signs of a national recovery until 2022.
NAB said its cash earnings over the three months to the end of June were down 7 per cent to $1.55 billion. But margins were stable and there has been an 8 per cent fall in the value of deferred loans, as customers begin to recover from the crisis.
After raising $3.75 billion at the half, NAB’s common equity tier 1 (CET1) capital ratio, an indicator of bank strength, was an impressive 11.6 per cent. This puts it on an equal footing with CBA, which delivered a resilient set of full-year results o…
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