NAB profit surges to more than $4bn in six months, driven by interest rate hikes

National Australia Bank describes outcome as good, strong set of results' but acknowledges more customers showing signs of financial distress

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National Australia Bank has recorded a 17% surge in its six-month cash profit to $4.07bn on the back of interest rate hikes, and issued an upbeat outlook for the economy.

At a time when company profits are being heavily scrutinised amid cost of living pressures, NAB increased its margins while acknowledging a growing number of customers were showing signs of financial distress.

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