NAB announces strong Half Year Results



NAB has announced its 2022 Half Year Results, with cash earnings up to $3.48 billion.

The NAB interim dividend was 73 cents per share, fully franked, up 13 cents per share on the interim dividend for the Half Year ending 31 March 2021.

Speaking on the day of the result on 5 May, NAB CEO Ross McEwan said he was pleased with NAB’s performance, which reflected continued momentum in the bank and improving economic conditions.

“We are growing right across the bank. We are growing business lending, home lending, unsecured lending, deposits and transaction accounts,” he said.

“We are delivering better results because we are delivering for our customers and getting the basics right more consistently. We have a lot more to do.

“It’s not complex, it’s about the basics, but it takes discipline, focus and execution. And that’s what we must continue to do every day.

In NAB’s release to the ASX Mr McEwan said, “The execution of our strategy is delivering good results for our customers, colleagues and shareholders.”

“We are producing better and faster experiences and getting the basics right more consistently. This has been achieved during a period of increased customer activity across all divisions of the bank, including the fastest growth in business lending since the GFC,” Mr McEwan said.

“Our 2022 Half Year cash earnings increased 4% compared with the 2021 Half Year. Revenue rose 4.6%, benefitting from pricing discipline and strong growth in lending and deposits which were up 10% and 12% respectively versus March 2021.

Read NAB’s ASX announcement here.

Read more about NAB’s Half Year Results announcement here.

Read more about NAB customer Urban Alley Brewery’s success story here.



Media Enquiries

For all media enquiries, please contact the NAB Media Line on 03 7035 5015

Download media content

NAB 2022 Half Year Results Summary

PDF 390 KB Download

Photo of NAB CEO Ross McEwan

JPG 313 KB Download

Photo of NAB CEO Ross McEwan with NAB Customer Advisors Emily Seeary (left) and Sonam Dhaliwal (right)

JPG 380 KB Download

Transcript of NAB 2022 Half Year Results CEO media conference

PDF 134 KB Download

Related Articles

  • Economy

Australia needs best alarm system on the street: NAB CEO addresses ABA Conference

In a panel discussion at the ABA Conference, NAB CEO Andrew Irvine discussed how the industry was responding to key issues including housing, cost-of-living, and scams and fraud.

  • 26.06.2024
  • Time to read 3 min read
  • Business

Businesses amp up green investments with electric vehicles and solar panels topping the shopping list

New data from Australia’s largest business bank shows many small and medium sized businesses are continuing to invest in new or used energy efficient equipment, with the value of the bank’s Green Finance for Vehicles & Equipment loan book growing 80% compared to the same period last year.

  • 13.06.2024
  • Time to read 2 min read
  • Affordable housing

Build-to-rent: business innovation increasing affordable housing

Build-to-rent is growing in popularity. NAB customers Hacer and Local: Residential are a driving force in providing this affordable housing solution.

  • 02.05.2024
  • Time to read 1 min read

Quick links

Business Research and Insights

For more economic news, insights and analysis, visit NAB’s Business Research and Insights