ABU DHABI / WAM H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and …
Read More »NAB’s cash profit falls 3% as bad debts rise
Melbourne / Bloomberg National Australia Bank (NAB) Ltd.’s third-quarter profit fell 3 percent amid rising expenses for bad debts and provisions for mining and agricultural loans, rounding off the most challenging reporting season for the nation’s lenders in six years. Unaudited cash profit from continuing operations, which excludes one-time items, declined to A$1.6 billion ($1.2 billion) in the three …
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