NAB previews full-year results
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”.
Recommended for you
Adviser willingness is the key hurdle to the uptake of ESG matters by financial advisers; they should not feel afraid or embarrassed if they are less familiar with what clients are seeking.
In his first move since the acquisition by Count, former Diverger managing director Nathan Jacobsen has taken up a new leadership role in the financial advice space.
Medical grounds are no excuse for compliance failures as a Victorian AFSL is sentenced for failing to lodge annual financial reports.
The balance of ASIC enforcement activity is skewed towards civil rather than criminal cases, but the corporate regulator says it is seeking to redress this balance.