PropertyEU

Bad property debts hit Lloyds

By A staff reporter 2009-08-06T00:00:00

Lloyds Banking Group booked a pre-tax loss of £4 bn (EUR 4.7 bn) as bad debts in the first half of the year rose to £13.4 bn, of which £10.7 bn came from HBOS. The bulk of the bad loans comprised commercial real estate loans, the bank said.

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