National Australia Bank (NABZY.PK, NAUBF.PK) on Friday reported a decline in cash earnings for the third-quarter at A$1.75 billion, compared with A$1.90 billion, recorded for the same period last year.
Net profit stood at A$1.90 billion as against prior year's A$1.75 billion.
Credit impairment charge or CIC declined to A$118 million from last year's A$244 million, primarily reflecting a further deterioration in asset quality across the Group, the lender said.
Net interest margin was stable, with small reductions from lending competition and deposit mix, offset by benefits of a higher interest rate environment.
Revenue was down by 1 percent. Excluding Markets and Treasury income, revenue rose 1 percent, reflecting volume growth and higher other operating income including business lending fees.
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