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The New Daily

Business

Prashant Mehra

NAB profits soar on higher interest rates

NAB Interest Rates

NAB says it has targeted growth in high-returning areas. Photo: AAP

National Australia Bank has lifted first-half cash earnings by 17 per cent to $4.07 billion, helped by higher interest rates and increased business lending.

Statutory net profit for the six months to March 31 was up 11 per cent on the same period a year ago to $3.96b, while operating revenue jumped 19.3 per cent to $10.53b.

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