Lloyds sees PPI bill raised by £750m

Source BBC News@ tienganhvui.com

29 October 2013 Last updated at 03:35 ET

The government is reducing its stake in Lloyds

Lloyds Bank says it will set aside another £750m for compensation for mis-sold personal protection insurance (PPI), taking the total to £8bn.

UK banks have reserved £16bn to compensate customers sold unnecessary or irrelevant insurance, with Lloyds setting aside more than any other.

The bank, still part-owned by the taxpayer, made the announcement as it reported its third quarter results.

Its profits for the nine months to the end of September were £1.69bn.

Đăng ký: Tieng Anh Vui

Posted in: BBC News,World News of the Day