Lloyds Banking Group has reported falling profit and set aside an extra £375m to pay for payment protection insurance (PPI) compensation.
Pre-tax profit for the first three months of 2012 came in at £288m, down 9% from the same period last year.
Lloyds' boss said it "reflected the subdued UK economic environment".
Lloyds, which is 40%-owned by the government, said the extra PPI provisions were down to "the increase in the volume of complaints".
Source & Image : BBC
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