LONDON (Reuters) - Lloyds Banking Group said it had not yet finalized details of its plan to put billions of pounds of assets into a UK government-backed insurance scheme, as it unveiled a massive loss for 2008.
Lloyds said on Friday that HBOS -- the mortgage lender it took over in January -- suffered a 2008 statutory loss of 10.8 billion pounds ($15.4 billion) as it was hit by 9.9 billion pounds of losses on bad loans.
HBOS's loss was in line with guidance it gave two weeks ago in a shock profit warning.
Lloyds said the former Lloyds TSB business reported a statutory profit of 807 million pounds, down from 4 billion pounds, as its impairments jumped to 3 billion pounds.
It said talks with the UK government on an asset insurance scheme "are progressing and are well advanced," but there was no certainty about the outcome. The bank had been expected to announce it was putting over 250 billion pounds of assets into the plan
(Reporting by Steve Slater and Myles Neligan)
