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Lloyds sets aside £1.8 billion compensation pot

Staff outside Lloyds HBOS Bank headquarters, Trinity Road, Halifax

Staff outside Lloyds HBOS Bank headquarters, Trinity Road, Halifax

Lloyds Banking Group today set aside another £1.8 billion 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, which employs 6,000 staff in Calderdale, said it still expects to make a small profit for 2013.

It also revealed that it expects to resume dividend payments to shareholders in the second half of this year and that preparations for the possible future sale of shares to the public were under way.

 
 
 

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