Brief: Close Brothers Estimates £320m Cost For Motor Finance Commission Scheme
08/04/2026 07:41
April 8 (Reuters) - Close Brothers Group PLC CBRO.L: CLOSE BROS GRP PLC - UPDATE IN RELATION TO MOTOR FINANCE COMMISSIONS CLOSE BROS GRP PLC - UPDATE IN RELATION TO MOTOR FINANCE COMMISSIONS CLOSE BROTHERS GROUP PLC - ESTIMATED COST OF SCHEME IS ABOUT £320 MILLION CLOSE BROTHERS GROUP PLC - NO PROVISION CHANGES RECOGNISED; IAS 37 PROVISION UNDER REVIEW CLOSE BROTHERS GROUP PLC - CET 1 CAPITAL RATIO WOULD DECREASE TO 14.0% PRO FORMA AS AT 31 JAN 2026 CLOSE BROTHERS GROUP PLC - ABOUT 720,000 UK MOTOR FINANCE LOANS QUALIFY FOR REDRESS CLOSE BROTHERS: C.£320 MILLION ESTIMATE REFLECTS ONE SCENARIO ONLY, BEING FCA'S POLICY STATEMENT Source text: ID:nRSH5407Za Further company coverage: CBRO.L ((Reuters.Briefs@thomsonreuters.com;))