annb0t
Top 20
By Sameer Manekar and Praveen Menon
(Reuters) -National Australia Bank on Thursday posted a 19% jump in first-quarter cash profit helped by rising interest rates, but the lender warned of headwinds as house prices soften and borrowers get squeezed by rising living costs.
Australian banks are expected to post strong earnings in the high interest rate environment, but the lenders' run is set to fade later this year as a cooling economy is expected to result in slower credit growth and more bad d...
>>> Read more: NAB says rates will soften economy, house prices as profit jumps
(Reuters) -National Australia Bank on Thursday posted a 19% jump in first-quarter cash profit helped by rising interest rates, but the lender warned of headwinds as house prices soften and borrowers get squeezed by rising living costs.
Australian banks are expected to post strong earnings in the high interest rate environment, but the lenders' run is set to fade later this year as a cooling economy is expected to result in slower credit growth and more bad d...
>>> Read more: NAB says rates will soften economy, house prices as profit jumps
