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(Reuters) -National Australia Bank said on Wednesday it remains optimistic on the outlook for the Australian economy, even as it posted a 3% drop in first-quarter cash profit compared with the quarterly average of the second half of fiscal 2023.
The country's second-biggest lender by market valuation reported a hit to cash earnings due to higher cost pressures, deposit costs and competitive lending, which in turn impacted margins.
NAB posted cash earnings of A$1.80 billion ($1.18 billion) for ...
>>> Read more: National Australia Bank optimistic on economy outlook, posts drop in earnings
The country's second-biggest lender by market valuation reported a hit to cash earnings due to higher cost pressures, deposit costs and competitive lending, which in turn impacted margins.
NAB posted cash earnings of A$1.80 billion ($1.18 billion) for ...
>>> Read more: National Australia Bank optimistic on economy outlook, posts drop in earnings
