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Reuters
Reuters
Business
Paulina Duran

Australia's NAB flags extra $537 million provision for customer refunds, talks dividend review

FILE PHOTO: The logo of the National Australia Bank is displayed outside their headquarters building in central Sydney, Australia August 4, 2017. REUTERS/David Gray

SYDNEY (Reuters) - National Australia Bank Ltd, the country's fourth-largest, on Thursday flagged an additional A$749 million ($537.18 million) in charges to refund thousands of wronged customers and said it would review its dividend policy.

Melbourne-based NAB said it has now put aside A$1.10 billion to compensate customers as it speeds up efforts to regain public trust after a damaging misconduct inquiry in the sector.

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