National Australia Bank Limited (AU:NAB) has released an update.
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National Australia Bank Limited reported a decrease in cash earnings by 8.1% for FY24, attributed to competitive pressures in home lending and increased expenses. Despite this, the bank saw strong growth in its SME franchise with significant increases in deposits and business lending. The bank remains focused on customer-centric strategies and maintaining prudent balance sheet settings amidst a challenging economic environment.
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