Resources for Basel II Capital Accord (Basel II)

Bank blarney

www.businessspectator.com.au

For all the apparent disclosure that banks provide in the six monthly ritual of reporting their earnings to the market, there’s something disconcerting about the quality, and variety of this bank profit season. National Australia Bank this morning rounded out the season with a statutory net profit of $2.7 billion (up 28 per cent on the March 2007 half year), a cash profit of $2.2 billion (up eight per cent) while “underlying” cash profit (still $2.2 billion) increased 18 per cent. NAB said its return on equity increased 0.3 percentage points to 16.8 per cent.

View the Resource

Share or bookmarklet this web page at: