Several of the senior executive team at National Australia Bank saw their bonuses cut for the second year in a row in 2012.The bank's annual report, released yesterday, shows that the bonus of NAB's CEO, Cameron Clyne, shrank to A$1.22 million, from $2.03 million in 2011.Mark Joiner, the finance director, had his bonus cut to $540,000, from $750,000. And Bruce Munro, the chief risk officer, saw his cash bonus halved to $270,000.Clyne, Joiner and Munro also received reduced equity-based benefits over the year.Clyne's overall pay in 2012 reached $8.78 million, actually up from $8.68 million in 2011. NAB attributed the rise in the overall value of Clyne's package to a rise in the value of his share options.Two of NAB's executive team received a higher short-term bonus: Rick Sawers, the head of the institutional bank; and Gavin Slater, the group executive for group business services, who is steering the technology overhaul at the bank.National Australia Bank suffered a 28 per cent fall in net profit over the past year. As a result of a sharp increase in its charge for bad and doubtful debts, its net profit fell from $5.2 billion in 2010/11 to $4.1 billion in the year to September 2012.