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Barclays makes extra £700m PPI provision

Dan Jones
Written By:
Dan Jones
Posted:
Updated:
18/10/2012

Barclays has put aside an extra £700m to compensate customers for the mis-selling of payment protection insurance, bringing total provisions to £2bn.

The bank said it has experienced “higher than previously anticipated levels of payment protection insurance claim volumes” since the end of the first half of 2012.

Barclays said it would continue to monitor actual claims volumes and the assumptions underlying its provisions.


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