A NAB branch in Adelaide. Picture: David Mariuz/AAP
A NAB branch in Adelaide. Picture: David Mariuz/AAP

NAB profit plunges 14 per cent

NAB's full-year profit has dropped 14.2 per cent to $5.7 billion on restructuring costs and $360 million of customer remediation.

Stripping out those additional costs, the lender's cash profit for the 12 months to September 30 was still down 2.2 per cent on the prior corresponding period.

Revenue and net interest margin were both flat and NAB held its final dividend at a fully franked 99 cents, keeping its full-year payout the same for a fifth straight year.


WATCH: How Byron inspired artist’s new song

premium_icon WATCH: How Byron inspired artist’s new song

THE artist has unveiled a new song about Byron Bay.

New drone apps, rules you should know

premium_icon New drone apps, rules you should know

Owners will need a drone registration and operator accreditation

Former Lismore junior could be lost to overseas rugby

premium_icon Former Lismore junior could be lost to overseas rugby

PAY dispute could spell the end for Izack Rodda and his time in Australian...