Cash earnings tracked sideways at National Australia Bank for a third successive quarter in June. The bank said its cash earnings were A$1.4 billion while net profit was $1.2 billion.
Revenue fell around one per cent over the quarter, thanks to higher funding costs for its operation in Britain as well as lower income from markets. NAB said income from retail banking "grew strongly".
NAB said the bad debt charge fell seven per cent to $524 million, but noted an increased charge in business banking.
Expenses were "lower", NAB said. Staff numbers declined, though the bank...
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