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By Roushni Nair
(Reuters) - National Australia Bank on Thursday reported a rise in annual cash profit as it benefited from higher interest rates, but cautioned elevated competition and inflationary pressures that crimped second-half earnings by 10% would persist.
The country's second-largest lender reported stronger annual earnings on deposits and capital against the backdrop of higher interest rates, which has allowed Australian lenders to widen their margins and capitalise on higher borrowin...
>>> Read more: National Australia Bank's second-half cash profit falls as inflation persists
(Reuters) - National Australia Bank on Thursday reported a rise in annual cash profit as it benefited from higher interest rates, but cautioned elevated competition and inflationary pressures that crimped second-half earnings by 10% would persist.
The country's second-largest lender reported stronger annual earnings on deposits and capital against the backdrop of higher interest rates, which has allowed Australian lenders to widen their margins and capitalise on higher borrowin...
>>> Read more: National Australia Bank's second-half cash profit falls as inflation persists
