NAB has reported a flat first-quarter net profit and chief executive Ross McEwan has flagged that government responses to pandemic outbreaks are adding to the economic uncertainty.
The Melbourne-based bank said unaudited statutory net profit for the three months ended December 31 was flat at $1.7 billion from the year-earlier period, while cash earnings were little changed at $1.65 billion.
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James Frost writes about banking, funds management and superannuation. Based in Melbourne, James has been reporting on specialist business and finance topics for 15 years. Connect with James on Twitter. Email James at james.frost@afr.com
