VUK virgin money uk plc

Bendigo Bank vs CYB Comparative Study, page-7

  1. 13,407 Posts.
    lightbulb Created with Sketch. 563

    As per newspaper and expert reports, on average 6% PPI claims are successful. Worst ever was 12%. Even if claims worth about 500 Million are made, worst cum worst is 60 Million Insurance claims paid by CYBG, rest don't qualify.
    ..
    Also settlement will take almost a year. I doubt it will effect earning and profit, yes provision will be made for worst case (booking the loss)
    ..

    Last edited by sircorp: 28/09/19
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.