Lloyds offers £2.3m to HBOS victims after missing compensation deadline

Lloyds has so far identified 55 of the 67 people it so far believes to have been affected, but is unable to track down the other 12. However it is thought that the Bank plans to compensate those individuals if they come forward.

Aside from the interim compensation, Lloyds today announced that it had made seven offers with a further eight in the “final stages” of assessment.

The Bank admitted that it has now missed its self-imposed June deadline for compensating victims, after setting aside £100m in April as part of a compensation scheme.

Adrian White, chief operating officer for commercial banking, said: “Since the end of the HBOS Reading fraud trial, we have been working hard to provide fair, swift and appropriate compensation. But as we have met and spoken with victims, many have asked us for more time.

"We are disappointed that getting to offers is taking longer than we had hoped, but we are committed to doing everything we can to support those affected as we continue with the review.”