Losses at Lloyds narrow to £570m
Lloyds Banking Group has narrowed its pre-tax losses for 2012 to £570m, from £3.5bn the previous year.
The group, which is 40%-owned by the government, said its losses were primarily because of making provisions of £3.6bn for the mis-selling of payment protection insurance (PPI).
This included £1.5bn set aside in the fourth quarter for PPI.
Adam Parsons reports.
01 Mar 2013
- From the section Business