NAB increases full-year profit

Lender lifts full-year cash profit by 9.3% on the back of lower bad and doubtful debts and stronger earnings across most of its businesses.

National Australia Bank Ltd (NAB) has posted a solid lift in full-year cash profit on the back of lower bad and doubtful debts and stronger earnings across most of its businesses.

In the year to September 30, NAB posted a cash profit of $5.94 billion, an increase of 9.3% on the $5.43 billion recorded in the previous year.

Net profit was $5.45 billion, a 33.6% lift on the previous year's $4.08 billion.

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