National Australia Bank describes outcome as ‘good, strong set of results’ but acknowledges more customers showing signs of financial distress
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National Australia Bank has recorded a 17% surge in its six-month cash profit to $4.07bn on the back of interest rate hikes, and issued an upbeat outlook for the economy.
At a time when company profits are being heavily scrutinised amid cost of living pressures, NAB increased its margins while acknowledging a growing number of customers were showing signs of financial distress.
Continue reading…National Australia Bank describes outcome as ‘good, strong set of results’ but acknowledges more customers showing signs of financial distressFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastNational Australia Bank has recorded a 17% surge in its six-month cash profit to $4.07bn on the back of interest rate hikes, and issued an upbeat outlook for the economy.At a time when company profits are being heavily scrutinised amid cost of living pressures, NAB increased its margins while acknowledging a growing number of customers were showing signs of financial distress.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…