National Australia Bank (NAB) has moved to clarify its financial position by providing the market with a preview of its 2008 full-year results, which are due to be released next week.
In a statement to the Australian Securities Exchange, NAB said its cash earnings looked to be in line with expectations, estimating a total of $3.9 billion, and described its capital and liquidity ratio as strong, with Tier 1 reaching above 7 per cent.
The group predicts its final dividend payment for 2008 will match the $0.97 dividend per share it paid in March.
NAB recently flagged its intention to bring forward its full-year results announcement, setting a date of October 21, but reassured the market that the decision had been made in the interests of “providing certainty to the market and does not foreshadow any proposed material announcement”.
