NAB has reported a first half statutory profit of $3.28 billion and will pay an interim dividend of 60 cents a share off the back of a stronger than expected economic recovery, “record high business conditions”, and a resilient customer base.
“Our 1H21 result reflects the improving conditions, with cash earnings 35.1 per cent higher compared with 1H20…benefiting from significantly better credit impairment outcomes,” said CEO Ross McEwan.
“Against this improving economic backdrop, there is growing momentum across our bank reflecting our investment in key strategic priority areas. While there is still much to do, we are progressing our ambition deliver better outcomes for customers and colleagues.”
