Steady earnings: A signage at the NAB headquarters in Sydney. The lender’s cash profit came in 6% higher at A$1.8bil (RM5.6bil) for the quarter ended June 30, compared with A$1.7bil (RM5.3bil) a year ago. — Bloomberg
SYDNEY: National Australia Bank (NAB) flagged higher expenses for the second time in four months yesterday, citing higher personnel and leave costs.
NAB, Australia’s biggest business lender, bumped up its cost forecast for 2022 to between 3% and 4% from 2% to 3%.
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