Home Business NewsBusiness Lloyds’ PPI bill up again by £1.8bn, taking total to almost £10bn

Lloyds’ PPI bill up again by £1.8bn, taking total to almost £10bn

by LLB Reporter
3rd Feb 14 8:54 am

Lloyds Banking Group has announced that it is upping its provision for claims over the mis-selling of payment protection insurance (PPI) by a further £1.8bn.

Its total bill now stands at more than £9.8bn, which is the largest amount for any of Britain’s high street banks.

There is some good news for Lloyds, though, as it expects to make a small statutory profit this year.

It has also said its 2013 underlying profit will have doubled when it reports its full-year results later this month.

Lloyds has been lauded over the weekend for pledging that 40% of its most senior 5,000 roles will be filled by women within six years.

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