Lloyds weighs bid for Aldermore as South Africa's FirstRand seeks exit, Sky News reports

June 22 (Reuters) - Lloyds Banking Group is exploring a potential takeover of Aldermore, the lender being sold by South Africa's FirstRand amid a motor finance mis-selling scandal engulfing Britain's banking sector, Sky News reported on Monday.

Here are some details:

• Lloyds is examining Aldermore for its small business lending and project finance capabilities, but is not certain to proceed with a formal bid, Sky News said, citing sources.

• FirstRand said in April it had planned to exit from its British challenger bank, Aldermore, blaming a costly and "deeply flawed" UK motor finance redress scheme, as it raised provisions for mis-sold motor loans to £750 million ($994 million).

• Sky News reported any buyer will likely require an indemnity against further compensation liabilities amid ongoing uncertainty about the UK Financial Conduct Authority's redress programme timing and scope.

• Shawbrook is also examining a combination with Aldermore, according to Sky News.

• Reuters could not immediately verify the report

• Lloyds and Aldermore could not be immediately reached for comment.

($1 = £0.7545)

(Reporting by Nithyashree R B in Bengaluru; Editing by Shreya Biswas)