NAB: Interim result 2015

NAB’s interim result wasn't great, but the focus right now is a raft of other announcements designed to exit the UK and fix the company’s balance sheet.

Chief executive of National Australia Bank Andrew Thorburn has handed down a mediocre interim result while taking aggressive action to finally rid the bank of its lousy UK businesses. The headline 5.4% increase in cash earnings compared to a year earlier to $3.3bn wasn’t as impressive as it looked.

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