Ninety per cent of Lloyds Banking Group’s £10.8bn loans granted to commercial property are deemed to be impaired.
Some £5.1bn of the £6.8bn corporate loan book are described as impaired as are £1.4bn of £7bn of loans in the retail business. Lloyds took a £3.1bn provision for Ireland last year out of a total charge of £8.7bn for the entire bank. It said its bill for Ireland was entirely down to its HBOS rescue in September 2008.
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