NAB announces A$1.5bn share buyback amid 13% profit drop to A$3.55bn in six months to March 31.
National Australia Bank (NAB) announced a A$1.5 billion ($1 billion) share buyback, as profit fell 13% to A$3.55 billion ($2.49bn) in the six months to March 31. The bank's cash earnings also dropped by 13% to A$3.55 billion from the previous year. Despite the decline, the bank's CEO, Andrew Irvine, said the economic outlook remains resilient. The buyback plan comes after NAB's profit met market expectations.
May 01, 2024
10 Articles