February 12, 2020 / 9:12 PM / 12 days ago

BRIEF-National Australia Bank Posts Qtrly Unaudited Statutory Earnings $1.70 Bln

Feb 13 (Reuters) - National Australia Bank Ltd:

* Q1 CREDIT IMPAIRMENT CHARGES FELL 21% TO $185 MILLION

* DELIVERING ON THREE YEAR TRANSFORMATION WHICH COMMENCED IN SEPT 2017

* CUSTOMER-RELATED REMEDIATION PROGRAMS, REGULATORY COMPLIANCE INVESTIGATIONS ONGOING,WITH POTENTIAL EXTRA CHARGES,BUT AMOUNTS/TIMING ARE UNCERTAIN

* WORK UNDERWAY TO REFRESH STRATEGY & BUILD PLAN FOR NEXT FIVE TO TEN YEARS

* CONTINUES TO MAKE PROGRESS TOWARDS A SEPARATION OF MLC WEALTH Source text reut.rs/2uJe4XY Further company coverage:

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