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Lloyds to set aside additional £1bn for PPI compensation

Lloyds TSB logo

Lloyds Banking Group has earmarked a further £1bn to pay customers who were mis-sold payment protection insurance.

The latest ring-fenced amount brings the bank's total PPI compensation bill to £5.3bn.

Lloyds chief executive Antonio Horta-Osorio said, however, that the bank continues to boost performance.

"We have

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