FT.com / Companies / Banks - Lloyds hurt by Irish loan book losses

Banking and Capital Markets: New International PerspectivesFT.com / Companies / Banks - Lloyds hurt by Irish loan book losses: "Lloyds Banking Group will be hit by higher than expected charges on its Irish loan book this year after a further significant deterioration in market conditions in recent weeks.
The government-backed bank disclosed on Friday that the impairment charge for the full year would be £4.3bn. In the first half, Lloyds took a charge of £1.5bn on its Irish portfolio – meaning losses on the loans have almost doubled in the past six months."

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