National Australia Bank Limited
(ASX:NAB) says third quarter profit is up 9 per cent to $1.75 billion.
Revenue was up by 4 per cent for the period and charges for Bad and Doubtful debts in its home market were down by 15 per cent to $193 million.
The bank also reported a decline in net interest margin due to higher competition.
NAB says that it continues to work on its UK business and provisions of up to GBP420 million for payment protection insurance may be needed in the full year results.
