Bad overseas debts lead to drop in NAB's net profit

BAD debts in the United Kingdom has contributed to the National Australia Bank posting a 22% drop in net profit.

The bank on Wednesday announced a $4.1billion profit for the 12 month to September, down $1.1billion on a year ago.

NAB's cash earnings fell $27million for the year to $5.4billion.

The charge for bad and doubtful debts was up $793million for the year to $2.6billion.

NAB shareholders will receive a final dividend of 90cents per share full franked, to be paid on December 18.

The bank's share price was steady in trading on Wednesday at $25.80.



Toolooa St motel on the market by receivers

Toolooa St motel on the market by receivers

Motel for sale by expressions of interest.

New stores, Kmart expansion part of $10m proposed upgrade

New stores, Kmart expansion part of $10m proposed upgrade

But still no date for centre's major redevelopment.

Your guide to the region's Anzac Day services and marches

Your guide to the region's Anzac Day services and marches

Where and when you can commemorate Anzac Day.

Local Partners