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AAP
AAP
Business
Derek Rose

Loan defaults bad for business as NAB profit takes hit

NAB Andrew Irvine
NAB's profits have taken a hit with a rise in the value of business loans turning sour on its books. (Joel Carrett/AAP PHOTOS)

Australia's most business-focused major bank has witnessed more firms default on their loans.

NAB took a $833 million charge on debt it considers unlikely to be repaid, up 14.4 per cent from its $728 million credit impairment charge the year before, the big four bank said on Thursday while releasing its 2024/25 financial results.

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