SYDNEY: National Australia Bank (NAB) reported yesterday a record profit that was fuelled by strong home lending, but warned of an uphill battle in Britain and Ireland as pension co s would continue to bite in Europe, where it earns a quarter of its profits.
“The outlook statement was a little bit muted. I am concerned because there certainly does seem to be a bit of slippage in the outlook statement,” commented J.P. Morgan analyst Brian Johnson.
