May 27 National Bank of Canada, the
country's sixth-largest lender, said quarterly profit fell 13
percent as the year-earlier period included a C$102 million
($93.8 million) benefit.
The company's net income fell to C$362 million, or C$1.01
per share, in the second quarter ended April 30, from C$417
million, or C$1.20 a share, a year earlier.
National Bank of Canada said it recorded a rise in the fair
value of restructured notes in the second quarter of 2013.
Excluding items, the bank said net income rose to C$375
million, from C$352 million a year earlier.
The Montreal-based bank raised its quarterly dividend to 48
Canadian cents per share for the quarter ending July 31, from 46
Canadian cents per share.
($1 = 1.09 Canadian Dollars)
(Reporting by Sneha Banerjee in Bangalore; Editing by Sriraj