NAB has recently released its financial report for 2024, revealing a significant difference in post-tax profit compared to 2023. The report shows that post-tax profit for 2024 reached 3 billion AUD, a decrease of 15% from 3.5 billion AUD the previous year. The main reasons for this decline include rising costs from investments in new technology, increasing interest rates, and global economic pressures. Additionally, NAB emphasized that lending activities remained stable with a low bad debt ratio, although there has been a decline in borrowing demand from customers. The bank’s leadership is committed to focusing on improving operational efficiency and risk management to restore profitability in the coming years.
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