Investors in the Australian banking sector, including National Australia Bank (OTC:NABZY) Ltd (ASX:NAB), are navigating a challenging environment marked by aggressive interest rate hikes and a competitive lending landscape. In its full-year 2023 report, NAB disclosed an increase in cash earnings to $7.7 billion and raised dividends to $1.67 per share. However, the bank also reported a rise in loan delinquencies from the previous fiscal year and noted only modest improvements in net interest margin due to stiff home lending competition and higher funding costs.
Read More : National Australia Bank Reports Increased Earnings Amid Economic Challenges