Lloyds sets aside £1.8bn over PPI

Lloyds Banking Group today set aside another £1.8bn to cover compensation for the mis-selling of payment protection insurance.

Lloyds sets aside £1.8bn over PPI
Mon, 03 Feb, 2014 - 08:01

Lloyds Banking Group today set aside another £1.8bn to cover compensation for the mis-selling of payment protection insurance.

Despite the latest provision, which takes the running total for the bank to nearly £10 billion, Lloyds said it still expects to make a small profit for 2013.

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