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Rising bad debts weigh down National Australia Bank's profit

Q3 earnings fall 3% as the bank joins two other lenders in increasing provisions for bad loans

National Australia Bank's shares fall 1.3 per cent at the opening in Sydney on Monday. They have lost 8 per cent this year, compared with a 4.3 per cent advance for the benchmark S&P/ASX 200 Index and a 9.5 per cent decline for an index of bank shares.

Hong Kong

NATIONAL Australia Bank's (NAB) third-quarter profit fell 3 per cent amid rising expenses for bad debts and provisions for mining and agricultural loans, rounding off the most challenging reporting season for the nation's lenders in six years.

Unaudited cash profit from