NAB Slashes Bad Debts In Half

National Australia Bank reported a 20% increase in earnings in its third quarter after it slashed its bad debts by nearly half.

  • 10 Aug 2010
National Australia Bank reported a 20% increase in earnings in its third quarter after it slashed its bad debts by nearly half. According to Cameron Clyne, the lender’s ceo, mortgage growth was outpacing the sector, while analysts noted that NAB is now more heavily weighted toward business lending ...

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1 Bank of America Merrill Lynch (BAML) 3,136 9 13.58
2 Citi 2,562 6 11.09
3 Goldman Sachs 2,150 3 9.31
4 Credit Suisse 1,822 6 7.89
5 Societe Generale 1,814 4 7.86

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