National Australia Bank reports 25.8 percent rise in 1st half net profit
May 9, 2008
National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year, boosted by strong lending and deposit growth and a one-time gain from Visa Inc.'s initial public offering.
National Australia Bank shares fall 10%
National Australia Bank shares have dropped 10 per cent after the bank announced an extra $830m loss on its exposure to US mortgage-backed debt securities.
National Australia Bank talking to Royal Bank of Scotland about buying local arm of ABN Amro
National Australia Bank Ltd., one of the country's biggest lenders, said Friday it is in consultations with the Royal Bank of Scotland about buying the local arm of investment bank ABN Amro.
NAB breaks rank to lifts rates again
National Australia Bank Ltd has broken ranks with the major banks and lifted its standard variable home loan by another nine basis points.
Westpac's ray of light
Westpac has so far managed to avoid big problem credit exposures, and should it successfully swallow St George, will become Australia's biggest bank.
National Australia Bank reports 25.8%...
National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year.
NAB ups standard variable rate to 9.46%
National Australia Bank has lifted its variable mortgage interest rates by 10 basis points.
ASX buoyed by earnings results
The Australian share market closed firmly in the black as solid earnings results from Telstra, Qantas, Fairfax and other major companies.
02/21/08
Similar news about Qanta Airways
Westpac and NAB play catch-up
WESTPAC and National Australia Bank are expected to add to the pressure on home owners and businesses as early as tomorrow as they prepare to catch up with the latest rises in...
NAB role unclear as Stewart joins Telstra
THE chief executive of National Australia Bank, John Stewart, has again fuelled speculation that he may leave within 18 months to serve on company boards, after he was appointed a Telstra director yesterday.
Westpac pressured to lift rates
WESTPAC is coming under increasing financial pressure to top up its leading home loan interest rate after National Australia Bank's sudden move to bring the cost of its mortgages into line with the rest of its main rivals.
NAB slumps on debt shock
NATIONAL Australia Bank will suffer a $600 million blow to its annual net profit, sending its earnings into the first tailspin for four years, after taking a direct financial...
NAB shares slump on writedowns
National Australia Bank announces $830 million in additional provisions, sending its shares down as much as 13%.
NAB's $2.2b profit helps push up all...
THE sharemarket closed higher yesterday amid strong gains from the banking sector led by National Australia Bank, which delivered an interim profit in excess of $2 billion.
Circling predators warned off
Westpac's $66 billion plan for a merger with St George was deliberately structured to entice its smaller rival into swift acceptance of the multi-layered deal, it emerged...
Banks to unveil deal
Westpac and St George are set to unveil the detailed terms governing their planned merger.
NAB's Write-Down May Hurt Future Funding
National Australia Bank could face higher funding costs after the bank shocked market participants with a write-down worth US$796.1 million, blaming the global credit crunch and...
National Australia Bank names new chief executive
National Australia Bank Ltd., one of the country's biggest lenders, said Thursday that the head of its New Zealand operations, Cameron Clyne, will take over as chief executive, replacing John Stewart at the start of next year.
Rate rises as Westpac also feels squeeze
WESTPAC yesterday became the latest of the major banks to raise its key mortgage rate by a further 10 basis points, putting further pressure on home owners.
Michael Ullmer joins Fosters board
Foster's Group Ltd has appointed National Australia Bank Ltd deputy group chief executive Michael Ullmer to its board as an independent director.
Intercity rivalry doesn't stop at...
There is a mischievous view doing the rounds of the banking industry that if it was not for Melbourne, the share prices of the rest of the majors would be in much better shape....
Stewart's steady hand on tiller has...
IT WAS classic John Stewart. Having sent out signals, deliberate or otherwise, in the past 18 months that five or so years would be enough at the helm of National Australia...
NAB won't rule out St George bid
National Australia Bank chief executive John Stewart has not ruled out making a counterbid for St George Bank.
NAB lifts rates to 9.46%
The National Australia Bank has lifted its variable mortgage interest rates by 0.1 percentage points, raising its standard variable home loan rate to 9.46%.
NAB's Anzac Day rate rise 'lousy': govt
Federal Treasurer Wayne Swan says the National Australia Bank was "lousy" to announce an interest rate rise on Anzac Day.