NAB’s janitor in chief still cleaning up

Based on current estimations the full year result will contain a £75 million provision for the cost of administering the payment protection insurance(PPI)  remediation program and another £170 million will be needed  in relation to interest rate hedging products.

For other UK conduct related matters, excluding than PPI and interest rate hedging products, as at 31 March 2014 of £67 million was held.

These provisions are in addition to those announced in March 2014 of £126 million for PPI and £152 million was held for interest rate hedging products.

Read more here: SMH


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