annb0t
Top 20
By Byron Kaye and Himanshi Akhand
(Reuters) -National Australia Bank, the country's No. 3 lender by total loans, reported on Friday that profit fell in the June quarter as inflation pushed up costs and stoked competition, but said that a measure of core operating margins held steady, sending its shares higher.
The company, which is Australia's top business lender as well as a top-tier mortgage provider, warned of a deterioration in its business banking portfolio where "non-performing" loans re...
>>> Read more: Australia's NAB posts profit dip, investors cheer margin stability
(Reuters) -National Australia Bank, the country's No. 3 lender by total loans, reported on Friday that profit fell in the June quarter as inflation pushed up costs and stoked competition, but said that a measure of core operating margins held steady, sending its shares higher.
The company, which is Australia's top business lender as well as a top-tier mortgage provider, warned of a deterioration in its business banking portfolio where "non-performing" loans re...
>>> Read more: Australia's NAB posts profit dip, investors cheer margin stability
