National Australia Bank Limited (AU:NAB) has released an update.
National Australia Bank Limited (NAB) reported a slight 2% decline in underlying profit for the third quarter of 2024, attributed primarily to a 1% decrease in revenue excluding Markets & Treasury income. Despite challenges in the economic environment and increased asset quality deterioration, the bank saw a stable net interest margin and a 1% increase in lending balances, driven by growth in Australian SME business lending. NAB continues to focus on deposit growth, cost management, and supporting customers through innovative solutions and a commitment to sustainable finance.
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