NAB FY Profit Up 7.6%, Raises Dividend

SYDNEY—National Australia Bank said increased lending and deposits in its business-related divisions helped to drive a 7.6% increase in its annual profit and an almost 8% improvement in its dividend.

The bank said net profit for the 12 months through September rose to 7.41 billion Australian dollars (US$4.74 billion). Analysts had expected a full-year net profit of A$7.71 billion, according to FactSet’s consensus estimate.