NAB: Q3 Result 2013

National Australia Bank recently announced its unaudited quarterly result for the period ending 30 June 2013 (the company has a 30 September year end). Revenue increased 1% compared to the average of the previous two quarters, after slightly improving margins and increasing mortgage market share to 15.3%. It could be years before we know whether offering cheap home loans has been a sensible long-term strategy, but for now bad debts remain under control having fallen 10% to $489m chiefly due to the UK and business banking divisions. Underlying cash earnings increased from $1.4bn to $1.5bn compared to the same...

National Australia Bank recently announced its unaudited quarterly result for the period ending 30 June 2013 (the company has a 30 September year end). Revenue increased 1% compared to the average of the previous two quarters, after slightly improving margins and increasing mortgage market share to 15.3%. It could be years before we know whether offering cheap home loans has been a sensible long-term strategy, but for now bad debts remain under control having fallen 10% to $489m chiefly due to the UK and business banking divisions.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles