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Home | Lloyds posts £3.5bn loss |
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Lloyds posts £3.5bn loss
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- February 24, 2012
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Lloyds Banking Group has posted a pre-tax loss of £3.542 billion for 2011 (2010: profit of £281 million), with the result including a £3.2 billion non-recurring provision for Payment Protection Insurance contact and redress costs. Income decreased 10%, to £21.123 billion, reflecting subdued lending demand, continued customer deleveraging and lower margins. The group’s banking net [...]
- Read more at:http://www.bankingtimes.co.uk/2012/02/24/lloyds-posts-3-5bn-loss/
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