(Reuters) - National Australia Bank (NAB.AX) said on Friday it will take A$755 million ($582.26 million) in restructuring-linked costs against its cash earnings in its half-year results.
The figure primarily pertains to workforce reduction costs, it said, and is closer to the higher end of the range of A$500 million to A$800 million set in early November.
In an announcement earlier this week, London-listed lender CYBG PLC (CYBGC.L), which was spun off from NAB, said it would raise its half-year provisions to cover costs related to an earlier insurance industry scandal.
The expected use of the remaining undrawn capped indemnity of £148 million ($208.30 million) by CYBG would not impact NAB’s Common Equity Tier 1 (CET1) capital, the Australian lender said on Friday.
NAB shares were up 0.1 percent at 0402 GMT, while the Australian equity benchmark was 0.2 percent lower.
Reporting by Aaron Saldanha in Bengaluru; Editing by Muralikumar Anantharaman and Sunil Nair