Lloyds' PPI bill rises by £1bn to more than £5bn Lloyds said it had been forced to make an additional PPI provision in the third quarter of £1bn taking the total amount set aside by the bank to meet claims to £5.3bn and helping push the lender to a £144m pre-tax loss for the period. The bank said it had now paid out £3.7bn in PPI compensation and that it could be forced to set aside even more money when it reports its full-year financial results in February. Complaining about the high number of "bogus" claims it was receiving, Lloyds said it had written to the Financial Ombudsman Services to call for claims management companies to be forced to meet the cost of spurious requests for compensation. The £2.1bn cost of meeting PPI claims in the first nine months of the year drove Lloyds to a £583m loss for the period, though this was an improvement on the £3.86bn pre-tax loss the bank made in the first nine months of 2011.