National Australia Bank’s cash earnings in the first quarter rose 8 per cent in the three months to December 31 to $1.4 billion, up from $1.3 billion in the same period the previous year.
NAB said it had revenue growth in its wholesale banking operations, and, to a lesser extent, its wealth management businesses MLC and NAB Wealth. Higher funding and deposit costs offset volume growth in its business and personal banking divisions, resulting in flat revenue, the bank said.
Source: infochoice.com.au
