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NAB forecasts $706M credit impairments due to Middle East conflict and energy costs.
National Australia Bank (NAB) announced it expects to report $706 million in credit impairments for the first half of 2026, a significant increase from the previous period.
The bank cited growing economic risks from the Middle East conflict, including fuel supply disruptions and soaring energy costs, as the primary driver.
Additionally, NAB took a one-off A$1.35 billion charge related to a change in its software asset capitalization policy.
Shares fell over 3% in morning trading following the announcement.
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NAB pronostica $ 706 millones en deterioro de crédito debido al conflicto de Medio Oriente y los costos de energía.