Lloyds Bank reports GI profits up 10%
The insurance division of Lloyds bank has reported a half year profit before tax of £543m – up 16% compared with £469m in the first half of 2010.
Profit before tax and fair value unwind increased by 15% to £564m, but the first half of 2010 included a non-recurring charge of £70m to cover the bank's decision to cease writing new payment
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