1st March 2013
The PPI refunds bill for the four big UK banks has passed the £12.5billion mark.
An additional £1.3billion has been set aside by Lloyds Banking Group to cover their share of the mis-selling scandal.
By adding such a giant sum to its PPI bill, Lloyds, which is 39 per cent-owned by the taxpayer, will take its own PPI mis-selling bill to more than £6.5bn, more than half the aggregate sum for the big four lenders.
To date, Barclays has set aside £2.6bn, RBS has allocated £2.2bn, including a £450m provision today, and HSBC, which reports results next week, has written off £1.4bn.
Source: Sky News
Posted in PPI, Mis-selling, Lloyds Banking Group, UK, Banking