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(Reuters) - National Australia Bank reported a near 8% drop in its cash earnings for the third-quarter on Friday, hurt by rising competition in the housing loan market and higher operational expenses.
The country's top business lender posted cash earnings of A$1.75 billion ($1.16 billion) for the quarter ended June 30, compared with A$1.90 billion a year ago.
($1 = 1.5131 Australian dollars)
(Reporting by Himanshi Akhand and Rishav Chatterjee in Bengaluru; Editing by Mohammed Safi Shamsi)
Vi...
>>> Read more: Australia's NAB posts lower cash earnings, flags decline in asset quality
The country's top business lender posted cash earnings of A$1.75 billion ($1.16 billion) for the quarter ended June 30, compared with A$1.90 billion a year ago.
($1 = 1.5131 Australian dollars)
(Reporting by Himanshi Akhand and Rishav Chatterjee in Bengaluru; Editing by Mohammed Safi Shamsi)
Vi...
>>> Read more: Australia's NAB posts lower cash earnings, flags decline in asset quality
