BRIEF-National Australia Bank says Q1 net profit attributable to owners of co about $1.4 bln

Feb 21 (Reuters) - National Australia Bank Ltd NAB.AX :

* NAB 2014 first quarter trading update NAB.AX

* Says unaudited net profit attributable to the owners of the co for December quarter approximately $1.4 billion

* Q1 unaudited cash earnings rose to approximately $1.55 billion, which is 7 percent up on the prior corresponding period

* For the quarter on cash earnings basis expenses rose 3 percent over the period

* In Q1 on a cash earnings basis, charge for bad and doubtful debts for the

quarter was $324 million, down 23 percent

* Group's Basel III Common Equity Tier 1 ratio was 8.21 percent as at 31 December 2013

* In Q1 on a cash earnings basis, revenue increased by approximately 1 percent

* Source text for Eikon News Search ID:nASX71ZCF2

((For more news, please click here NAB.AX )) ((Bangalore Newsroom; +91 80 6749 1130))