Arab Today, arab today lloyds profits rise despite further misselling costs
Last Updated : GMT 04:08:59
Arab Today, arab today
Arab Today, arab today

Lloyds profits rise despite further mis-selling costs

Arab Today, arab today

Arab Today, arab today Lloyds profits rise despite further mis-selling costs

Lloyds Banking Group
London - AFP

Britain's state-rescued Lloyds Banking Group said on Friday that net profits rose by 31 percent in the first half, despite setting aside further funds for compensation for insurance mis-selling.

Earnings after tax rose to £874 million (1.245 million euros, $1.364 million) in the six months to June, and the company announced a dividend of 0.75 percent per share, amounting to £535 million.

This was despite setting aside a further £1.4 billion to cover compensation to customers who were mis-sold payment protection insurance (PPI), taking the lender's total PPI bill to £13.4 billion including administrative costs.

The British government bailed out Lloyds during the financial crisis in 2008 but has been reducing its share in recent months, and this now stands at less than 15 percent.

"Today's results demonstrate the strong progress we have made in the first half of the year," said chief executive Antonio Horta-Osorio.

He added: "We remain focused on our aim to become the best bank for customers and shareholders while at the same time supporting the UK economy."

Lloyds paid out its first dividend since the financial crisis earlier this year, again of 0.75 percent. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lloyds profits rise despite further misselling costs Arab Today, arab today lloyds profits rise despite further misselling costs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lloyds profits rise despite further misselling costs Arab Today, arab today lloyds profits rise despite further misselling costs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday