FT.com – Lloyds reports first-half loss of £4bn

Via FT.com / Companies / UK companies – Lloyds reports first-half loss of £4bn:

Lloyds Banking Group on Wednesday said that the deteriorating state of its loan portfolio had caused it to recognise £13.4bn of impairment charges in the first half of 2009.

The bad and doubtful loan charges caused the partly state-owned bank to post a £4bn interim pre-tax loss on a pro-forma basis, compared with a £2.8bn profit in the first half of 2008.