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BRIEF-National Australia Bank posts HY cash earnings of $3.29 billion
May 3, 2017 / 10:38 PM / 5 months ago

BRIEF-National Australia Bank posts HY cash earnings of $3.29 billion

May 4 (Reuters) - National Australia Bank Ltd

* HY cash earnings of $3.29 billion, up 2.3%

* HY total charge for bad and doubtful debts (b&dds) was $394 million, up $19 million or 5.1%

* HY on a statutory basis, net profit attributable was $2.55 billion compared to a loss of $1.74 billion for march 2016 half year

* Interim dividend unchanged at 99 cents per share fully franked

* “Group’s CET1 target ratio remains between 8.75% - 9.25%”

* On a cash earnings basis HY revenue increased 1.8 percent

* CET1 ratio was 10.1 percent as at 31 March 2017

* “Operating environment for banks remains challenging” Source text for Eikon: Further company coverage:

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