NAB posts 16% rise in quarterly cash earnings as business and home lending expand
National Australia Bank reported A$2.02 billion in cash earnings for the quarter ended December 31, up 16% from a year earlier, driven by growth in business and housing lending and a small increase in net interest margin. The bank's common equity tier 1 ratio eased to 11.48% from 11.6% a year ago. ($1 = 1.4120 Australian dollars)