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National Australia Bank's second-half cash earnings to take $188 mln hit

Oct 23 (Reuters) - National Australia Bank’s second-half cash earnings will take a A$264 million ($188.13 million) hit from provisions for customer and payroll remediation and an impairment of assets, the country’s third-largest lender said on Friday.

The provisions and impairment costs will reduce the bank’s common equity tier 1 ratio by 15 basis points, it said in a statement. ($1 = 1.4033 Australian dollars) (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Muralikumar Anantharaman)

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