Lloyds (LYG): 2012 pretax loss £570M vs £3.5B, with bank setting aside £3.575B for mis-selling...

|About: Lloyds Banking Group plc (LYG)|By:, SA News Editor
Lloyds (LYG): 2012 pretax loss £570M vs £3.5B, with bank setting aside £3.575B for mis-selling of payment-protection insurance, including £1.5B in Q4. After-tax loss narrows to £1.34B from £2.71B. Results also include gains of £3.21B from sales of government securities. Underlying profit jumps to £2.61B from £638M. Net interest income falls to £10.33B from £12.21B. Expects to cut non-core assets by £20B in 2013. (PR)