The net operating income increased by 1.4%, and the net interest income went up by 0.6%.
National Australia Bank
The National Australia Bank (NAB) posted a net profit of AU$3.4 billion for the first half of fiscal year 2025, which concluded in March 2025. This represents a decrease of 2.5% from the corresponding period the previous year.
Operating income increased by 1.4% to reach A$10.28 billion, whereas net interest income climbed by 0.6% to stand at A$8.44 billion.
Cash earnings are 1% higher at A$3.58b, and a 2% rise compared to Q4 2024.
The CET1 ratio stands at 12.01%, with a cash return on equity of 11.7% for the first half-year period.
NAB CEO Andrew Irvine feels that they are
managing their business well
, particularly under ongoing difficult operational circumstances.
One of their main goals is to increase efficiency and streamline processes, along with updating their technological capabilities.
“Drawdowns for home loans through our exclusive platforms rose by 25%, and retail transactions accounts opened at our branches surged by 32%. We’ve also expanded our presence in small and medium-sized enterprise (SME) business lending. Additionally, various initiatives aimed at resolving key customer issues are significantly boosting customer advocacy in these sectors,” stated Irvine.
Irvine stated that moving forward, NAB remains hopeful regarding the anticipated economic expansion in both Australia and New Zealand.
“Although challenges persist within our operational setting and recent global trade tensions have heightened uncertainty regarding future prospects, we are adequately positioned to manage this scenario,” NAB indicated.
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