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RBS sets aside another L125m for PPI claims

The Sovereign Bank of Scotland (RBS) is forecast to adjust aside another L125 million after payment protection insurance PPI claims.

As a result of this, the total purveying made at near the lender for PPI claims wishes reach L1.2 billion, with L501 million paid abroad as of Parade 31st 2012.

The spirit posted a group operating profit to the maiden quarter of 2012 of L1,184 million, with the marrow operating profits hitting L1,667 million during this timeframe.

Furthermore, the bank claims to be undergoing provided UK businesses with loans significance L14.3 million, with L7.9 billion of this lent to stingy and medium-sized enterprises.

Chief head honcho of RBS Stephen Hester stated the bank is pleased with its conduct during the primary three months of the year, although "the commercial and regulatory backdrop remains ungiving".

Furthermore, the UK's economy has remained to some degree complete, he declared.

"I'm result expectant and I take it that things compel rehabilitate," the travelling salesman added.