Oct 16 (Reuters) - National Australia Bank Ltd (NAB) :
- ADDITIONAL COSTS FOR CUSTOMER REMEDIATION MATTERS
- ANNOUNCED ADDITIONAL COSTS OF $314 MILLION AFTER TAX IN CONNECTION WITH ITS CUSTOMER REMEDIATION PROGRAM
- OF CASH EARNINGS IMPACT, APPROXIMATELY 69% OF THESE COSTS WILL IMPACT REVENUE, WITH BALANCE REPORTED IN EXPENSES
- COSTS TO REDUCE 2H18 CASH EARNINGS BY AN ESTIMATED $261 MILLION AND EARNINGS FROM DISCONTINUED OPERATIONS BY AN ESTIMATED $53 MILLION
- NAB REMAINS WELL POSITIONED TO MEET APRA'S 'UNQUESTIONABLY STRONG' BENCHMARK IN AN ORDERLY MANNER BY JANUARY 2020
- CUSTOMER REMEDIATION PROGRAMS ARE EXPECTED TO CONTINUE INTO FY19, WITH POTENTIAL FOR FURTHER COSTS, WHICH REMAIN UNCERTAIN AT THIS POINT IN TIME
- ADDITIONAL COSTS WILL BE EXCLUDED FROM FY18 EXPENSE GROWTH GUIDANCE OF 5-8%
Oct 16 (Reuters) - National Australia Bank Ltd (NAB) :...
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Last
$42.78 |
Change
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Mkt cap ! $131.0B | |||
| Open | High | Low | Value | Volume |
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