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PPI claims 'persevere in to impact RBS profit'

The misselling of payment sanctuary warranty (PPI) is continuing to sup into the Majestic Bank of Scotland's (RBS) profits, the unshaken revealed in its half-year results.

It reported a ruin of L1.5 billion during this timeframe, with consequential expenses including those resulting from the up to date computer system glitch, as understandably as PPI claims and other missold fiscal products.

In spite of that, operating profit for the RBS Squad quiet cuff L1,834 million, with chief governing Stephen Hester claiming its results manifest the business is "more resilient than to come, with numerous urge onwards improvements underway".

In the second ninety days of the year, the cartel increased its provisions in return PPI refunds via L135 million, delightful the cumulative amount resolving this scandal will cost the lender to L1.3 billion.

A comprehensive of L700 million of this money had been paid via June 30th, the bank confirmed get ppi refunded .

"The clean-up costs from past mistakes are steadily being put behind us, though [they are] still significant," Mr Hester added.