CANBERA (dpa-AFX) - National Australia Bank Ltd. (NAUBF.PK, NABZY.PK,
NAB.AX) reported that its first quarter cash earnings declined 16.9% to A$1.80
billion from the prior year.

The company posted statutory net profit of A$1.70 billion in the latest-quarter.

The Australia bank noted that the Australian economy remains resilient and the
majority of its customers are faring well. It continues to be optimistic about
the outlook.

For fiscal year 2024, the company continues to target productivity savings of
about A$400 million and for expense growth to be lower than fiscal year 2023
growth of 5.6%.

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