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PPI claims 'go on with to impact RBS profit' The misselling of payment shelter bond (PPI) is continuing to eat into the Royal Bank of Scotland's (RBS) profits, the firm revealed in its half-year results. It reported a ruin of L1.5 billion during this timeframe, with substantive expenses including those resulting from the up to date computer structure glitch, as glowingly as PPI claims and other missold fiscal products. However, operating profit in search the RBS Assembly up till hit L1,834 million, with chief executive Stephen Hester claiming its results manifest the matter is "more resilient than in the forefront, with numerous further improvements underway". In the duplicate quarter of the year, the firm increased its provisions for PPI refunds on L135 million, engaging the cumulative amount resolving this shame will set someone back the lender to L1.3 billion. A total of L700 million of this moolah had been paid at near June 30th, the bank confirmed [http://www.payment-protection.org claim back ppi] . "The clean-up costs from lifestyle mistakes are steadily being explain behind us, although [they are] motionlessly outstanding," Mr Hester added.

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