NAB posts 1H profit of $2.86 billion, provides NextGen update
National Australia Bank (NAB) has recorded a 1H 2014 profit of $2.86 million for 2014, an increase of $390 million on the same time last year.
National Australia Bank (NAB) has recorded a 1H 2014 profit of $2.86 million for 2014, an increase of $390 million on the same time last year.
National Australia Bank (NAB) expects to save $800 million annually in a five year plan which includes reducing the complexity of its technology systems, centralising operations and support functions, and reshuffling senior management positions.
NAB (ASX:NAB) lifted its March-half cash profit 21.7% to $2.7 billion, as revenue and market share gains outbalanced increased expenses for the period