Nov 2 (Reuters) - CYBG PLC CYBGC.L :
- NAB HAS RECOGNISED A CHARGE IN CONNECTION WITH CLAIMS THAT HAVE BEEN, OR ARE EXPECTED TO BE, MADE BY CYBG
- CLAIMS IN CONNECTION WITH CONDUCT INDEMNITY DEED BETWEEN CYBG AND NAB
- CYBG WILL INCREASE ITS PROVISIONS FOR LEGACY CONDUCT COSTS AS AT 30 SEPTEMBER 2017 BY £403 MILLION
- UNDER TERMS OF CONDUCT INDEMNITY DEED CYBG IS REQUIRED TO FUND 9.7 PCT OF THIS PROVISION INCREASE
- CYBG WILL RECOGNISE A FURTHER CHARGE OF £39 MILLION (PRE-TAX) IN ITS INCOME STATEMENT FOR TWELVE MONTH PERIOD ENDED 30 SEPTEMBER 2017
- THIS WILL IMPACT CYBG'S CET1 CAPITAL RATIO BY APPROXIMATELY 20 BPS AS AT 30 SEPTEMBER 2017
Nov 2 (Reuters) - CYBG PLC CYBGC.L : NAB HAS RECOGNISED A...
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