The Guardian reports that Britain’s 9th largest bank, Bradford and Bingley, have set aside a further £90m to fund future compensation claims from customers mis-sold an endowment mortgage.

The bank raised its compensation provision after a higher than expected volume of complaints in the first half of this year, and although chief executive Steven Crawshaw couldn’t rule out having to shell out more in the future he said there were signs of ‘light at the end of the tunnel’.

B&B had previously set aside just over £75m to cover endoment compensation claims, and the extra £90m has taken a chunk out of the bank’s half year profits, which nonetheless stood at £164m, up 9% from the previous year.

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