Lloyds Banking Group he also scored in 2012 a perdita, after that of 2011, this time mainly linked to the forced sale of the credit insurance company Ppi. However, the UK bank reduced the red from the previous year to £1,427 billion (about 1,6 billion euros) against 2,787 billion in 2011.
Despite this loss the bank, in which the British state holds 39% of the capital, has decided to allocate a £1,485 million bonus in shares to its general manager Antonio Horta-Osorio “in recognition of the group's performance in 2012”. However, the bonus is conditional on meeting certain criteria and will be paid in 2018.
