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Lloyds bank chief gets huge bonus despite despite loss
(03-01 15:39)

Britain's bailed-out Lloyds bank said Friday that net losses almost halved to 1.427 billion pounds in 2012, when it was hit by vast insurance mis-selling claims, and awarded its boss a large performance bonus.
The loss after taxation, equivalent to US$2.165 billion or 1.657 billion euros, compared with a shortfall of 2.787 billion in 2011, Lloyds said in a statement, adding that chief executive Antonio Horta-Osorio would receive a bonus of 1.485 million pounds that will be deferred until 2018 and dependent on the bank's share price level, AFP reports.



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