NAB share snippets

NAB 2015 Full Year Results:

• Cash earnings up 2.4% adjusted for one-off items
• Net interest margins decline by 4 basis points.
• Final dividend 99c fully franked
• 80% of life insurance business sold off
• De-merger of UK banks now February 2016

Net interest margins (NIM) are continuing to slip at NAB due to competition in business lending.
NAB already has a NIM below CBA, WBC and ANZ

A fall in NIM is also expected in ANZ and WBC results.