Lloyds sets aside further $2.2 billion for mis-selling redress

July 31, 2015 6:11 AM

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LONDON, July 31 Lloyd Banking Group said it had set aside a further 1.4 billion pounds ($2.2 billion) to compensate customers mis-sold loan insurance, taking its total bill for the scandal to 13.4 billion pounds.

Lloyds reported a first half statutory profit of 1.2 billion pounds, up 38 percent but below analysts' expectations of 1.9 billion as a result of the additional charge to for mis-sold payment protection insurance (PPI).

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