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NAB lifts profit after rate hikes

National Australia Bank's mortgage rate hikes have helped the lender lift third-quarter cash profit 5 per cent to $1.7 billion.

Nab said revenue for the three months to June 30 rose 2 per cent, helped by a higher net interest margin resulting from loan repricing and what it said were more favourable funding conditions.

The bank in March lifted its standard variable mortgage rates for both owner-occupiers and investors, citing elevated funding costs.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/07/17

1 year TSR5 year TSR
251stNational Australia Bank21%11%
710 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

26/11/14
$324k Bought
07/11/14
$377k Bought
07/11/14
$377k Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-National Australia Bank$18,122.0m
76 listed non wa companies ranked by revenue.
Source: Morningstar

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