NAB profit jumps to $6.3bn
National Australia Bank says higher revenue has boosted its full-year results.
The bank’s after-tax profit for the 2015 financial year came in at $6.3 billion, up by 20 per cent from one year ago.
• This is the most complained about govt agency
• Abbott praises Iron Lady, calls for all-out war
• Exclusive: nation-wide ‘lemon law’ edges closer
Cash earnings increased just over 15 per cent to $5.8 billion.
Investors get a final dividend payout of 99 cents a share, fully franked.
The bank will sell 80 per cent of its life insurance business to Japanese insurer Nippon Life Insurance Company for $2.4 billion.
It will also hive off its loss-making Clydesdale and Yorkshire Bank operations in the United Kingdom.
– with ABC
Finance News
SA tops states’ economic leaderboard again
Finance News
Woolworths faces court over $1m pay bungle
Finance News
Spend some time to examine cashback details
Finance News
Apps that help you save on fuel, groceries, time
Finance News
Fridge, pantry audits vital to cut food waste
Finance News
Aussies’ mortgage pain hits unwanted high
Finance News