National Australia Bank's earnings slip 1% in 1Q17

Blame it on the 5% increase in costs.

According to Reuters, National Australia Bank Ltd, the No. 4 lender by market value, on Monday reported a 1% fall in first quarter unaudited cash profit as costs grew faster than revenue. NAB posted unaudited cash earnings of A$1.6 billion ($1.23 billion) in line with market expectations for the quarter ended Dec. 31, with its net interest margin remaining "broadly stable". 

Read the full story here.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!