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4 August 2011
Last updated at 02:20 ET
The cost of compensating customers who were mis-sold payment protection insurance pushed Lloyds to a £3.3bn loss for the six months to 30 June.
The bank announced in May that it was putting aside £3.2bn to pay customers who had been mis-sold.
Excluding one-off expenses, the High Street bank reported a decline in pre-tax profit to £1bn from £1.6bn in 2010.
Lloyds, 41%-owned by the taxpayer, recently announced a cost cutting programme including 15,000 job losses.
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The bank announced in May that it was putting aside £3.2bn to pay customers who had been mis-sold.
Excluding one-off expenses, the High Street bank reported a decline in pre-tax profit to £1bn from £1.6bn in 2010.
Lloyds, 41%-owned by the taxpayer, recently announced a cost cutting programme including 15,000 job losses.
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