Wholesale Banking Performance Analysis
14
National Australia Bank
1H12 Financials
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MLC Ca Clydesdale Bank
Yorkshire Bank
Bank of New Zealand
Great Western Bank
Group financial result
Half year to
Mar 12
Sep 11
Mar 11
($m)
Change
on Sep 11
Change
on Mar 11
Net interest income
6,708
6,788
6,304
(1.2%)
6.4%
Other operating income
2,400
2,007
2,495
19.6%
(incl NAB Wealth)
(3.8%)
Net operating income
9,108
8,795
8,799
3.6%
3.5%
Operating expenses
(3,952) (3,983)
(3,991)
0.8%
1.0%
Underlying profit
5,156
4,812
4,808
7.1%
7.2%
B&DDs
(1,131)
(834)
(988)
(35.6%)
(14.5%)
Cash earnings
2,828
2,792
2,668
1.3%
6.0%
Cash ROE
15.0%
15.2%
15.1%
(20bps) (10bps)
NIM
2.17%
2.28%
2.23%
(11bps)
(6bps)
Core Tier 1 ratio
8.03%
7.58%
7.12%
45bps
91bps
Spot GLAS ($bn)
490.4
482.1
459.2
1.7%
6.8%
National Australia BankView entire presentation