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(Reuters) -National Australia Bank Ltd on Tuesday posted an almost 6% rise in third-quarter cash profit as it benefited from an increase in home and business loans as well as higher interest rates.
Runaway inflation has prompted the Reserve Bank of Australia to tighten monetary policy this year, aiding the margins of banks that had to grapple with record-low interest rates and stiff competition in the home-lending market for the past two years.
Melbourne-based NAB, as well as other members of ...
>>> Read more: Australia's NAB profit rises on strong lending, firmer margins
Runaway inflation has prompted the Reserve Bank of Australia to tighten monetary policy this year, aiding the margins of banks that had to grapple with record-low interest rates and stiff competition in the home-lending market for the past two years.
Melbourne-based NAB, as well as other members of ...
>>> Read more: Australia's NAB profit rises on strong lending, firmer margins
