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NAB bites back at CBA’s business push

Included in NAB’s upbeat December quarter trading update was a pointed message to CBA about the latter’s business banking ambitions. 

The good news keeps coming from Australia’s banking sector, with NAB’s December quarter trading update revealing underlying revenue growth, good cost control and plummeting credit impairment charges.

While chief executive Ross McEwan remains cautious about the outlook for the pandemic – as well he might, sitting in locked-down Melbourne – it is clear that the worst has passed.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/nab-bites-back-at-cba-s-business-push-20210216-p57302