Tagged: National Australia Bank

ASX 200 posts record run of gains

By Anita Savage Telstra ended down more than 1 per cent at $6. 59 while Qantas also lost ground, closing at $2. 49. Virgin Australia rose 2. 25 per cent after reporting an increased...

ANZ passes on RBA rate cut in full

By Michael Roddan NAB said it had reduced its standard variable home loan rate to 5. 63 per cent per annum, while Westpac exceeded the RBA‘s cut by slashing its standard variable by 0. 28 per cent to...

Aust stocks indecisive at noon

By Michael Roddan Energy stocks weighed the heaviest on the local market, giving up 2. 68 per cent as a sector. Beach Energy lost 3. 4 per cent to $1. 135, while Oil Search lost 3. 54 per cent...

NAB cuts rates, posts quarterly earnings

The closely watched bad and doubtful debts figure was up 30 per cent over the quarter but the bank said bad debts were stable before accounting adjustments. ""Further significant improvements in asset quality over...

NAB passes on 25bp rate cut, announces $1.8b three-month profit

By Michael Janda Following the announcement of a 25-basis-point cut by CBA and a 28-basis-point cut by Westpac yesterday morning, NAB will lower its standard variable mortgage rate (SVR) by 25 basis points to...

NAB cuts home loan rates, posts $1.65b quarterly earnings

The closely watched bad and doubtful debts figure was up 30 per cent over the quarter but the bank said bad debts were stable after excluding accounting "overlay" adjustments for economic conditions. ""Further significant...

NAB passes on RBA rate cut in full

By Michael Roddan NAB said this morning it had reduced its standard variable home loan rate to 5. 63 per cent per annum, making it the third of the big four banks to pass on, or...

CBA, Westpac customers wait on rate cuts

However, interest rates on credit cards have increased by 25 basis points in the 18 months since the RBA last cut rates and, historically, have not fallen with cash rate cuts. 2 Michael Wright‘s...