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AAP
AAP
Business
Derek Rose

Big bank takes action as Middle East crisis rolls on

National Australia Bank has flagged higher provisions due to a rise in credit impairment charges. (Darren England/AAP PHOTOS)

A second major bank is taking action to protect its business amid an uncertain economic outlook, as the crisis in the Middle East continues to weigh.

National Australia Bank has flagged higher provisions due to a rise in credit impairment charges and will discount and partially underwrite its dividend reinvestment plan to raise extra funds.

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