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.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...

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