Lloyds Posts Good First-Half 2018 Results While More PPI-Related Charges Are Added to the Tally
Lloyds has kept its momentum in 2018 and recorded a good first half for the year, while uncertainty remains around provisions for the settlement of missold payment protection insurance. Provisions for PPI increased by GBP 550 million in the first half of the year, of which GBP 460 million was booked in the second quarter, owing to a higher expected volume of complaints and the associated costs thereof. This brings the total amount provided towards PPI to GBP 19.2 billion and the outstanding prov...
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