Yorkshire Bank bill for mis-selling rises to £2.1bn

YORKSHIRE and Clydesdale Banks are putting aside a further £450m after provisions for PPI increased.

Former owners NAB footing  the majority (£413m) of the increase.

The total bill for mis-selling has now reached £2.1bn.

CYBG is funding 9.7% of the provision increase, and will see a £44m dent in its balance sheet for the six month period ended 31 March 2016.

This follows the announcement by NAB in their half year results that revenues rose 3.3%, with strong first half cash profits of $3.31 billion, a 6.... For the full story register now for free or login below...

Close