		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI).</p>
<p>But Lloyds, which is backed by the British state, was still able to report a 38% rise in pre-tax profits for the first half of the year to £1.19 billion and announce a 0.75p dividend for shareholders, amounting to £535 million.</p>
<p>The Treasury’s stake in the lender – rescued by the taxpayer at the height of the financial crisis – has shrunk to less than 15% in recent months.</p>
<p>Chief executive Antonio Horta-Osorio said: “Today’s results demonstrate the strong progress we have made in the first half of the year.</p>
<p>“We remain focused on our aim to become the best bank for customer sand shareholders while at the same time supporting the UK economy.”</p>
<p>The lender remains hampered by issues from the past such as PPI. Its bill for the mis-selling scandal has now risen to £13.4 billion.</p>
<p>It also took a £660 million charge on the disposal of its stake in TSB, which is being bought by Spain’s Banco de Sabadell.</p>
<p>Underlying profit stripping out one-off items rose 15% to £4.38 billion.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ece95b2f948">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ece95b2f948',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
