February 28, 2008 / 1:23 PM / 10 years ago

National Bank of Canada profit rises 6 percent

TORONTO, Feb 28 (Reuters) - Quarterly profit at National Bank of Canada (NA.TO) rose 6 percent on the back of stronger results in its personal and commercial banking segment, it said on Thursday.

National Bank, the sixth-largest Canadian bank, said net income was C$255 million ($260 million), or C$1.58 per share, in the three months ended Jan. 31, up from C$240 million, or C$1.43 a share, in the same period a year earlier.

Excluding certain items, including a gain on the sale of operations in Bahamas, net income fell 1 percent to C$237 million, or C$1.46 a share, it said.

$1=0.98 Canadian Reporting by Lynne Olver; Editing by Scott Anderson

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