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National Australia Bank Limited (ASX:NAB)

ALERT: Price-sensitive ASX Announcement for NAB
Current share price for NAB : $41.200 1.37 (3.44%)+
Announcement
Release
4 May 2026 8:00AM
Price at Release
$39.830
Full Release
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Summary
The National Australia Bank Limited (NAB) reported its 2026 Half Year Results, highlighting a 3.1% increase in revenue compared to the previous half, driven by volume growth and increased Net Interest Margin (NIM). Gross loans and advances increased by 2.9%, while deposits rose by 2.3%. The bank's expenses increased by 26.2%, primarily due to changes in software capitalization policies, but excluding large notable items, expenses were slightly reduced by 0.5%. NAB also reported a significant increase in credit impairment charges to $706 million, reflecting potential stresses from geopolitical tensions. The bank maintained a strong balance sheet with a Common Equity Tier 1 (CET1) ratio of 11.65%, and it announced an interim dividend reinvestment plan expected to raise $1.8 billion. NAB emphasized its strategic focus on growing business banking, enhancing customer experiences, and adapting to a volatile macroeconomic environment.
Key Points
  • Revenue increased by 3.1%, with cash earnings up 2.3% excluding large notable items.
  • Gross loans and advances rose by 2.9%, deposits increased by 2.3%.
  • Net Interest Margin (NIM) rose by 3 basis points to 1.81%.
  • Credit impairment charges increased to $706 million due to geopolitical risks.
  • Expenses rose by 26.2%, but excluding notable items, they decreased by 0.5%.
  • Strong balance sheet with a CET1 ratio of 11.65%.
  • Interim dividend reinvestment plan to raise approximately $1.8 billion.
  • Strategic focus on business banking growth and improving customer experiences.
  • Anticipation of continued geopolitical volatility impacting economic forecasts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.