Nab Profits Rise

The JournalMay 12, 2006

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Summary


A banking group involved in branch closures and hundreds of job losses in the UK said profits were up 10% after a "period of enormous change".

National Australia Bank, which owns the Clydesdale and Yorkshire banks, said it was delivering on its strategy to make the business more competitive.

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Extract


Nab Profits Rise

That strategy came at a cost as NAB removed 1,700 jobs over two years, while its d...

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