April 17, 2019 / 10:55 PM / 3 months ago

Australia's NAB flags A$325 mln cash reduction for H1 2019

April 18 (Reuters) - National Australia Bank Ltd on Thursday flagged an estimated A$325 million ($233.19 million) hit to cash earnings for the first half of this year as a result of increased provisions for customer refunds.

The lender also announced additional charges of A$525 million after tax in connection with the provisions in a statement to the Australian Stock Exchange. ($1 = 1.3937 Australian dollars) (Reporting by Nikhil Subba in Bengaluru)

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