Payment Protection Insurance (PPI) complainants received a total of £215m in redress in the first half of 2011, the Financial Services Authority (FSA) has revealed.
A total of 16 firms paid out, representing 92% of PPI complaints received in the first half of 2011.
In May and June alone, following the dismissal of the banking industry's legal challenge to the FSA and the Financial Ombudsman Service, £102m was paid out.
The monthly totals are:
• January - £29m
• February - £31m
• March - £28m
• April - £25m
• May - £37m
• June - £65m
The figures include the value of ex-gratia payments made to complainants and cases settled by the Ombudsman.
Margaret Cole, interim managing director of the FSA's conduct business unit, said: "The treatment of PPI complainants has left an indelible stain on the financial industry's record. By releasing these figures we're providing a useful measure of firms' progress that can be tracked on an ongoing basis.
"While the amount of redress paid in May and June is unsurprisingly large in the wake of the judicial review, looking ahead we expect the amounts to vary somewhat as firms clear their backlogs while dealing with complaints as well.
"We remain 100% committed to ensuring that where consumers were mis-sold PPI they will receive the appropriate redress from firms, and we are monitoring firms' progress to ensure this is done properly. Where we find that this not to be the case, we are not afraid to take tough action."
