RBS PPI bill 'to rise by £400m' The Lloyds charge took its PPI total to £5.3bn, while Barclays recently announced an additional £700m, giving it a total of £2bn, PA reported. The lender is expected by Credit Suisse to report pre-tax losses of £1.8bn, although this will be largely driven by an accounting effect on the value of its own credit. As well as driving up profits at its core businesses and driving down bad debts, RBS recently exited a state-backed insurance scheme covering its poorer-quality assets. The significant move was hailed by Chancellor George Osborne as another step towards returning the bank to the private sector. RBS will save £1.4m a day from leaving the Asset Protection Scheme (APS), having paid £2.5bn since signing up February 2009. However, the City is also likely to place some focus on its collapsed £1.65bn branch sale with Santander. Nationwide Building Society is reportedly considering a bid for the 316 branches, which EU regulators are forcing RBS to sell, although nothing has been confirmed.