Call us on 08455 61 61 61

News Article

Lloyds Banking Group raises PPI bill by a further £1bn

PPI graph

1st November 2012

Lloyds Banking Group has set aside a further £1bn to cover compensation for customers who were mis-sold payment protection insurance.

It brings the banks PPI bill to £5.275bn so far.

The further provision means Lloyds has been pushed into a loss of £144m for the third quarter of the year.

After Barclays recent decision to set aside a further £700m for PPI compensation, the bill now stands at just over £12bn.

Image source: Which?

Posted in PPI, Mis-sold Payment Protection Insurance, UK, Banking

Read more