Australian Bank Results October 2009


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National Australia Bank

NAB annual net profit
2008/09 $2.59 billion
2007/08 $4.54 billion

NAB’s bad debt results
2008/09 $3.81 billion
2007/08 $2.49 billion

With NAB’s bad debt charge now running at 0.87 per cent of average loans, the bank is sitting on some of the highest losses among its rivals as a proportion of its lending book.

The full-year dividend payable to shareholders was $1.46 per share.
NAB Share price at 29th October 10:30am $29.18


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ANZ Bank

ANZ annual net profit
2008/09 $2.94 billion
2007/08 $3.32 billion

ANZ’s bad debt results
2008/09 $x
2007/08 $x

ANZ warned today that the impact of global financial crisis would continue to wash over a ”fragile” Australian economy next year after the bank unveiled an 11 per cent fall in net profits to $2.94 billion for its 2009 financial year.

ANZ Share price at 29th October 10:30am $22.89

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