National Australia Bank (ASX: NAB) has released its Q3 FY2022 results and reported its unaudited statutory NPAT of AU$1.85 billion and unaudited cash earnings of AU$1.80 billion.
The Company s performance was driven by its ongoing execution of its strategy comprising conclusion of the acquisition of Citigroup s Australian consumer business. The cash earnings increased 3% compared with 1H FY2022 quarterly average. The lending and deposit momentum continued (up 2% and 4% respectively over the June quarter excluding the Citi acquisition).
The cash earnings before tax and credit impairment charges grew 2% compared with the 1H 2022 quarterly average. Key drivers were:
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
