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Business Summary: National Australia Bank Limited (NAB) is a financial services company. The Company's segments include the Business and Private Banking, Personal Banking, Corporate and Institutional Banking, New Zealand Banking and Corporate Functions and Other. Business and Private Banking focuses on small and medium customer segments, including specialized agriculture, government, education and community services. Personal Banking provides customers with products and services provides home loans or manage personal finances through deposit, credit or personal loan facilities. Corporate and Institutional Banking provides a range of products and services including client coverage, corporate finance, asset servicing, transactional banking and enterprise payments. New Zealand Banking consists of partnership banking, servicing retail, business, and private customers; Corporate and Institutional Banking, servicing corporate and institutional customers, and includes markets sales operations in New Zealand.
Financial Summary: BRIEF: For the fiscal year ended 30 September 2024, National Australia Bank Ltd (ADR) interest income increased 21% to A$58.3B. Net interest income after loan loss provision increased 19% to A$20.4B. Net income before extraordinary items decreased 5% to A$7.06B. Net interest income after loan loss provision reflects Corporate & Institutional Banking segment increase of 10% to A$2.56B.