UPDATE 3-Australia's NAB flags extra $537 mln provision for customer refunds, talks dividend review [Reuters (UK)]
NATL AUSTRALIA BK S/ADR (NABZY)
NASDAQ:AMEX Investor Relations:
nab.com.au/about-us/shareholder-centre
Company Research
Source: Reuters
UPDATE 3-Australia's NAB flags extra $537 mln provision for customer refunds, talks dividend review - Reuters 4 Min Read * New provision for refunds to hit earnings by A$325 mln * Total customer-remediation provisions stand at A$1.2 bln * Board to review dividend policy - analysts expect cut to 90c * Credit Suisse analysts say more refund charges to come (Adds dividend cut estimate, more provisions to come, former adviser sued by regulator) By Paulina Duran SYDNEY, April 18 (Reuters) - National Australia Bank Ltd , the country’s fourth-largest, on Thursday flagged an additional A$749 million ($537.18 million) in charges to refund thousands of wronged customers and said it would review its dividend policy. Melbourne-based NAB said it has now put aside A$1.10 billion to compensate customers as it speeds up efforts to regain public trust after a damaging misconduct inquiry in the sector. The inquiry has put banks and investment firms under pressure to clean up processes that led to custo
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