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PPI claims 'extend to impact RBS profit' The misselling of payment protection insurance (PPI) is continuing to put into the Majestic Bank of Scotland's (RBS) profits, the firm revealed in its half-year results. It reported a loss of L1.5 billion during this timeframe, with substantive expenses including those resulting from the up to date computer system glitch, as understandably as PPI claims and other missold fiscal products. Even so, operating profit in search the RBS Group still cuff L1,834 million, with chief supervision Stephen Hester claiming its results show the business is "more resilient than to come, with numerous besides improvements underway". In the second shelter of the year, the decisive increased its provisions for PPI refunds by L135 million, engaging the cumulative amount resolving this scandal discretion cost the lender to L1.3 billion. A total of L700 million of this money had been paid aside June 30th, the bank confirmed [http://www.claiming-back-ppi.com how to reclaim ppi] . "The clean-up costs from life mistakes are steadily being put behind us, although [they are] still weighty," Mr Hester added.

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