uk Banking Group has set aside a further £ ##500 to pay compensation for mis - selling Payment Protection Insurance . The provision was expected after the deadline for PPI payments was extended to June 2019 . This comes amid a reduction in pre - tax payments of 15 % to £ 811 m for Q3 . Lloyds was the worst - affected UK bank from the 2011 mis - selling scandal , it already set aside £ 16bn to pay claims .
Lloyds Banking Group has set aside a further £1bn to pay compensation for mis-sold Payment Protection Insurance. The provision was expected after the deadline for PPI claims was extended to June 2019. This comes amid a fall in pre-tax profits of 15% to £811m for Q3. Lloyds was the worst-affected UK bank from the PPI mis-selling scandal, it already set aside £16bn to pay claims.