Fill-year cash profit ($b) 6.56, up 77pc from 3.71
Pretax profit ($b) 9.1 v 5.2
Net profit ($b) 6.36 v 2.56
Final dividend (¢) 67 v 30
Date dividend payable: Dec 15
National Australia Bank is lending more for housing and business than the average of its major bank rivals, after working out how to approve mortgage applications quickly and deepening relationships with key business customers.
NAB, the favourite major bank for sector analysts, delivered a clean full-year result and while it pointed to margin pressures from intense competition in housing lending, it also showed the benefits of its program to simplify products and processes.
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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
James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
