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2d ago

NAB Reports Modest Profit Growth, Raises Dividend Amid Trade Tensions

Australia Bank posts a 1% rise in half-year earnings to $3.6 billion and increases its interim dividend, while highlighting global trade uncertainties as a key challenge.

The logo of National Australia Bank adorns their headquarters building in central Sydney, Australia June 22, 2017. REUTERS/David Gray/File Photo
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Overview

  • National Australia Bank (NAB) reported half-year cash earnings of $3.6 billion, a 1% increase from the same period in 2024.
  • The bank raised its interim dividend by 1 cent to 85 cents per share, reflecting its focus on shareholder returns.
  • CEO Andrew Irvine expressed optimism about economic growth in Australia and New Zealand but flagged escalating global trade tensions as a major uncertainty.
  • The trade tensions stem from U.S.-imposed tariffs, including on Australian goods, leading to heightened economic risks.
  • NAB's results slightly outperformed Westpac, which reported a 1% decline in earnings to $3.3 billion and declared a lower dividend of 76 cents per share.