NAB today announced its Half Year Results, which showed cash earnings up to $3.34 billion, 35.1 per cent higher than Half Year Results last year (excluding large notable items). The bank has lifted the 2021 interim dividend to 60 cents per share.
NAB CEO Ross McEwan said that there was growing momentum across the bank, and the result was also reflective of Australia’s improving economic conditions.
“The rebound in the Australian and New Zealand economies from COVID-19 has been better than expected. This, along with the vaccine rollout and continued strong health outcomes, make us optimistic about the outlook,” he said.
“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 on our ambition to deliver better outcomes for customers and colleagues. Focus and execution remain key,” he said.
NAB’s ASX documents can be viewed here.
To view or download a video of Mr McEwan discussing our Half Year Results, please click here.