Glasgow-based Clydesdale Bank will hold an additional provision of £100m relating to the UK banking industry Payment Protection Insurance (PPI) issue.
The National Australia Bank-owned bank made the decision following the British Bankers’ Association announcement it does not intend to pursue a judicial review of PPI issue.
Clydesdale said while the £100m provision reflected future claims based on estimates and statistical data, it also allows for uncertainty including the number of claims that could be made against the bank.
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