Lloyds Banking Group - eight things we have learned from the results

Lloyds Banking Group is to cut a further 9,000 jobs. Photograph: Luke MacGregor/Reuters

1. Lloyds is axeing a further 9,000 jobs, taking the total cut since it rescued HBOS at the height of the financial crisis of 2008 to 54,000.
   
   
2. The bank is closing 200 Lloyds and Bank of Scotland branches and has ended its commitment to be “the last branch in town”.
   
   
3. The bank says 90% of these customers will still have a branch within five miles of their homes.
   
   
4. Halifax branches will be protected; new ones could even open. The net closures will be 150.
   
   
5. The bank is putting aside another £900m to pay for the payment protection mis-selling scandal.
   
   
6. This takes Lloyds’s total bill for PPI mis-selling to £11.3bn. The PPI bill for Britain’s five biggest banks now stands at more than £22bn.
   
   
7. The bank reckons it will still be able to pay a dividend for the 2014 financial year, despite the result of the health check of European banks announced on Sunday.
   
   
8. Lloyds is confident it will pass the Bank of England’s own stress tests, to be released on 16 December.