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