Oct 20 (Reuters) – Britain's Financial Conduct Authority this month estimated that the motor finance industry would need to compensate consumers between 8.2 billion pounds and 9.7 billion pounds ($11 billion and $13 billion) due to car loans with undisclosed commissions. Although the FCA's compensation estimates came in lower than the earlier projections, some UK lenders have increased their provisions to align with the proposed redress scheme, while others have not updated their estimates yet since the October 7 consultation. Here is the list of companies that have announced significant increases to their existing financial provisions: LENDER PROVISION TOTAL % CHANGE IMPACT SET PROVISION EARLIER AFTER REVISION 1.15 1.95 69.6% billion billion Lloyds pounds pounds Banking Group 165 About 300 81.8% Additional provision million million to reduce CET1 Close pounds pounds capital ratio by Brother about 130 basis s points on a pro-forma 143 About 350 144.8% Additional provision million million to reduce CET1 ratio Bank Of pounds pounds of 16.0% by about 35 Ireland basis points as of 5.5 21 281.8% Additional provisions million million to reduce CET1 ratio Secure pounds pounds by about 50 basis Trust points to 12.8% as of Bank September 30. Last year, Barclays disclosed a provision of 90 million pounds through its subsidiary Clydesdale Financial Services Limited, and the UK arm of Santander announced a provision of 293 million pounds to cover compensation. The two have not yet announced any additional provisions following the FCA's latest proposals on the compensation scheme. (Sources: Reuters stories, company annual reports and press releases) ($1 = 0.7451 pounds) (Reporting by Ankita Bora and Nithyashree R B in Bengaluru; Editing by Vijay Kishore)
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