NAB: Interim result 2016

After big increases in bad debts at its peers, NAB has actually managed a reduction. But is it too good to be true?

After Westpac reported a doubling in its impairment charge last week, we wrote that ‘bad debts are back’. ANZ followed the script, announcing that its impairment charge had done likewise – so it sticks out like a sore thumb that NAB’s actually fell slightly in the first half.

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