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Lloyds with 3.25 billion GBP loses for the half year

Compensation to consumers, which had been held at the conclusion of insurance brought losses of 3.25 billion pounds to Lloyds for the first half of the year, but the British bank confirmed its forecast for the year. If we exclude the funds allocated for compensation obligations, the bank's adjusted profit before tax was 1.1 billion pounds, up over 30% less than the profit last year of 1.6 billion pounds. The average grade of economists polled by Reuters was for earnings of 1.1 billion pounds.
"Our forecast for the disclosure of our strategic review of the June 30, 2011 remains unchanged", said a statement from the bank. "We continue to closely monitor economic conditions, particularly in the UK and Euro area", said still there. By Lloyds, which the British government holds a share of 41% after it granted bail, said they have reduced the cost of bad loans by 17% to 5.4 billion pounds, though its subsidiary Wealth & International Report losses of 2.1 billion pounds, mainly because of rising costs in Ireland.