فضيحة «تمويل السيارات» تكبد بنكاً بريطانياً 2 مليار جنيه

Lloyds Bank announced the allocation of an additional £800 million to cover costs arising from the scandal of mis-selling car financing, bringing the total losses to £2 billion.

Compensation for 14 Million Drivers

The Financial Conduct Authority confirmed that more than 14 million drivers are eligible for compensation after car loans were sold at unfair prices and interest rates, as part of an £11 billion compensation scheme.

Impact of the Scandal on Banks

Despite the rise in Lloyds' shares following the compensation announcement, the bank expects an increase in its provisions due to the likelihood of additional cases, leading to a warning about negative impacts on profits.

Violations in Loan Sales

The regulatory authority revealed that banks did not transparently inform customers about the commissions paid to car dealers, resulting in some customers paying higher interest rates without the opportunity to negotiate.

Widespread Repercussions

In addition to Lloyds, other banks such as Santander, Barclays, and Close Brothers are facing significant financial losses, while car companies like BMW are seeking meetings with the government to discuss compensation.