October 15, 2018 / 9:47 PM / a month ago

National Australia Bank to incur $224 mln in customer remediation charges

Oct 16 (Reuters) - National Australia Bank said on Tuesday it would incur after-tax costs of A$314 million ($223.91 million) in connection with its customer remediation programme.

The charge would reduce second-half cash earnings by about A$261 million, the bank said in a statement.

NAB is due to report full-year earnings on November 1. ($1 = 1.4023 Australian dollars) (Reporting by Aby Jose Koilparambil in Bengaluru)

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