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NAB lifts third quarter profit to $1.7b after rate hikes – The Sydney Morning Herald

National Australia Bank’s mortgage rate hikes have helped the lender lift third- quarter cash profit five per cent to $1.7 billion.

NAB on Friday said revenue for the three months to June 30 rose two per cent, helped by a higher net interest margin resulting from loan repricing and what it said were more favourable funding conditions.



PM urges North Korea to stop ‘provocative conduct’



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Read the full article at: http://www.smh.com.au/business/banking-and-finance/nab-lifts-third-quarter-profit-to-17b-after-rate-hikes-20170810-gxtyaj.html

Category: Debt HelpBy Insolvency Advisory AccountantsAugust 11, 2017

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