
National Australian Banks’ First Quarter Earnings Take a Hit: A Closer Look at the Surge in Impairment Charges
National Australia Bank Reports 3% Drop in Cash Earnings for Q1 National Australia Bank (NAB), one of the largest financial institutions in Australia, announced a 3% decrease in cash earnings for the first quarter of the financial year 2023. The bank reported AUD 1.6 billion in cash earnings, down from AUD 1.65 billion in the…