SJ TheDaily - шаблон joomla Форекс

Lloyds Banking Group sets aside further £100m for PPI

02 May 2019
Author :  
Image copyrightReuters

Lloyds Banking Group has set aside a further £100m to cover payment protection insurance (PPI) mis-selling as it reported flat quarterly profits.

Pre-tax profits for the first three months of the

year were £1.6bn, unchanged from the same period a year earlier.

The bank also warned that continuing Brexit uncertainty could have a further impact on the UK economy.

However, Lloyds said it had not seen the quality of its assets deteriorate.

The group's chief executive, António Horta-Osório, said: "While Brexit uncertainty persists, and continued uncertainty could further impact the economy, I remain confident that our unique business model, and in particular our market leading efficiency and targeted investment, will continue to deliver superior performance and returns for our customers and shareholders."

Leave your comment

We use cookies to improve our website. Cookies used for the essential operation of this site have already been set. For more information visit our Cookie policy. I accept cookies from this site. Agree