National Australia Bank Limited
(ASX:NAB) has lifted its interim profit and revealed a $5.5 billion capital raising to facilitate its exit from the UK banking business.
The bank’s cash profit rose 5.4 per cent to $3.3 billion in the first half of the 2015 financial year while its net profit grew 20.4 per cent to $3.4 billion.
CEO Andrew Thorburn says all major businesses contributed to cash earnings growth over the six months to the end of March.
NAB has also announced former Treasury Secretary Ken Henry will become the bank’s Chairman when Michael Chaney retires at the end of this year.
A fully franked interim dividend of 99 cents per share has been declared.
