SYDNEY: National Australia Bank (NAB) has posted a 9% rise in third-quarter unaudited cash profit, helped by higher home and business lending, although net interest margins fell due to stiff lending competition and weaker treasury income.
NAB, Australia’s biggest lender by assets, also flagged that it may have to provide up to £500mil (US$775mil) in capital support to its troubled UK business before a planned demerger, part of the £1.7bil already provided.
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