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PPI claims 'persevere in to effect RBS profit'

The misselling of payment protection warranty (PPI) is continuing to eat into the Prince Bank of Scotland's (RBS) profits, the unshakable revealed in its half-year results.

It reported a shrinkage of L1.5 billion during this timeframe, with substantial expenses including those resulting from the fresh computer scheme glitch, as well as PPI claims and other missold economic products.

How, operating profit for the RBS Group quiet crown L1,834 million, with chief governing Stephen Hester claiming its results manifest the area is "more resilient than in the forefront, with divers urge onwards improvements underway".

In the second direction of the year, the cartel increased its provisions for PPI refunds by L135 million, entrancing the cumulative amount resolving this scandal discretion set someone back the lender to L1.3 billion.

A full of L700 million of this moolah had been paid via June 30th, the bank confirmed reclaiming payment protection back .

"The clean-up costs from lifestyle mistakes are steadily being bet behind us, while [they are] pacific important," Mr Hester added.