NAB lifts Q3 cash earnings

Lender says modest lift in quarterly revenue because of good growth in mortgages, cost management drive working well.

National Australia Bank (NAB) has posted a slight lift in third-quarter profit on strong momentum in personal banking arm, but has warned weak confidence continues to challenge business banking.

In a third-quarter trading update, NAB said its unaudited cash earnings rose to $1.5 billion, around 2% higher than the quarterly average of the lender's half-year result released in March.

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