National Australia Bank Group CEO, Andrew Thorburn today released the 2014 Third Quarter Trading Update.

“The Group achieved a satisfactory third quarter result. Costs were well contained and asset quality continues to improve. While revenue growth remains challenging, Australian home lending continues to achieve market share gains and Australian business loan growth improved in what is traditionally a stronger quarter.

“As the new Group CEO I am extremely proud of the opportunity to lead this organisation. NAB has some real strengths and our Executive Leadership Team is focussed on driving better outcomes for customers and shareholders. In our core Australian and New Zealand franchises we have real opportunities ahead, including achieving sustainable growth in Business Banking, while continuing to deliver strong home loan growth and providing a better experience for customers.

Download the ASX announcement or visit the NAB shareholder centre for full details.