NAB
(ASX:NAB) has announced its unaudited statutory net profit hit $1.6 billion for the June 2017 quarter.
The top four bank’s revenue firmed 2 percent higher in the third quarter while its unaudited cash earnings also rose 2 percent to $1.7 billion.
NAB’s revenue increased thanks to growth in lending and an improved group net interest margin (NIM).
The bank also saw an improvement in asset quality and a drop in bad and doubtful debt charges of 12 percent to $173 million.
Shares in NAB
(ASX:NAB) are trading 1.35 per cent lower to $30.07
