-National Australia Bank reported an 8% drop in its cash earnings for the third-quarter on Friday, hurt by rising competition in the mortgage market and higher expenses, while it flagged further deterioration in its asset quality.disposable incomes and their ability to meet loan payments, resulting in rising arrears for the bank.
Net interest margin, a key measure of profitability, was stable with small reductions from lending competition and deposit mix, offset by benefits of a higher interest rate environment, NAB said. The bank's common equity tier 1 ratio - a measure of its spare cash - stood at 12.6% as at the end of third quarter.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.