Big Bank's Profit Drops with Lift in Loan Loss Charges

Big bank's profit drops with lift in loan loss charges

National Australia Bank, which has a major focus on business banking, has delivered a fall in annual profit and pointed to a slowing economy and credit risks.

NAB Profit Misses Estimates as Housing Slump Weighs on Banks

National Australia Bank Ltd.’s profit fell short of expectations as the lender grappled with higher costs and a housing slump heaped pressure on the banking sector.

NAB profit falls to $6.1 billion as recession risk rises; shares slump

National Australia Bank chief executive Andrew Irvine says the risks of a recession have increased as the bank posted a $6.14 billion profit and flagged that overdue home loan repayments have ticked up.

NAB lifts credit charges, cash profit down 13pc amid economic pressure

Australia’s largest business bank pointed to cost pressures posing a material risk to the economy.