NAB releases Q3 trading update

Published on 18.08.2025

NAB today released its third quarter trading update.

On the results, NAB Group CEO Andrew Irvine commented:

“Execution of NAB’s strategy and focus on our key priorities has supported a 2% lift in underlying profit this quarter.

Over the three months to 30 June 2025, Business & Private Banking (B&PB) business lending grew 4% and we achieved our highest ever June monthly business lending balance growth of $4.6bn. Australian home lending grew 2% representing 1x system with gradual improvement in the percentage of drawdowns via proprietary channels. Deposits were broadly stable over the quarter but increased 6% over the nine months to 30 June 2025 representing 1x system and reflecting our long term focus on improving deposit performance.

We have delivered further efficiency benefits this quarter and we continue to target productivity savings in excess of $400 million in FY25. However, we now expect FY25 operating expense growth of approximately 4.5%. This includes costs associated with a program to identify, rectify and remediate payroll issues currently estimated at $130 million in FY25, which is disappointing and must be fixed.

Balance sheet settings remained prudent over 3Q25 consistent with a focus on safety and sustainability. In addition, our actions to improve compliance with Australia’s anti-money laundering and counter-terrorism financing laws and transform our approach to managing financial crime has seen AUSTRAC cancel our Enforceable Undertaking (EU).

We remain optimistic about the outlook and are well placed to manage NAB for the long term and deliver sustainable growth and returns for shareholders.”

The ASX announcement can be found here (PDF, 1MB), opens in new window.

The full Q3 report can be found here (PDF, 4MB), opens in new window.