National Australia Bank Ramps Up Credit Provisions on War
A National Australia Bank Ltd. (NAB) bank branch in Sydney, Australia.
Photographer: Brendon Thorne/BloombergNational Australia Bank Ltd. increased its credit provisioning citing volatility in markets following the Middle East war.
The lender’s credit impairment charges are expected to rise to A$706 million ($504 million) in the first half of 2026, according to a statement on Monday. That’s up from about A$485 million in the second half of 2025.