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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Lloyds Banking Group PLC (PK) | USOTC:LLDTF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.7302 | 0.7333 | 0.79 | 0.00 | 20:00:11 |
|
Nine
month
sended
30 Sep
2023
£m
|
|
|
Nine
months
ended
30 Sep
2022
£m
|
|
|
Change
%
|
|
Three
months
ended
30 Sep
2023
£m
|
|
|
Three
months
ended
30 Sep
2022
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
10,448
|
|
|
9,529
|
|
|
10
|
|
3,444
|
|
|
3,394
|
|
|
1
|
Underlying other income1
|
3,837
|
|
|
3,538
|
|
|
8
|
|
1,299
|
|
|
1,171
|
|
|
11
|
Operating lease depreciation
|
(585)
|
|
|
(295)
|
|
|
(98)
|
|
(229)
|
|
|
(82)
|
|
|
|
Net income
|
13,700
|
|
|
12,772
|
|
|
7
|
|
4,514
|
|
|
4,483
|
|
|
1
|
Operating costs1
|
(6,654)
|
|
|
(6,316)
|
|
|
(5)
|
|
(2,241)
|
|
|
(2,145)
|
|
|
(4)
|
Remediation
|
(134)
|
|
|
(89)
|
|
|
(51)
|
|
(64)
|
|
|
(10)
|
|
|
|
Total costs
|
(6,788)
|
|
|
(6,405)
|
|
|
(6)
|
|
(2,305)
|
|
|
(2,155)
|
|
|
(7)
|
Underlying profit before impairment
|
6,912
|
|
|
6,367
|
|
|
9
|
|
2,209
|
|
|
2,328
|
|
|
(5)
|
Underlying impairment charge
|
(849)
|
|
|
(1,045)
|
|
|
19
|
|
(187)
|
|
|
(668)
|
|
|
72
|
Underlying profit
|
6,063
|
|
|
5,322
|
|
|
14
|
|
2,022
|
|
|
1,660
|
|
|
22
|
Restructuring
|
(69)
|
|
|
(69)
|
|
|
|
|
(44)
|
|
|
(22)
|
|
|
|
Volatility and other items1
|
(266)
|
|
|
(1,528)
|
|
|
83
|
|
(120)
|
|
|
(1,062)
|
|
|
89
|
Statutory profit before
tax1
|
5,728
|
|
|
3,725
|
|
|
54
|
|
1,858
|
|
|
576
|
|
|
|
Tax expense1
|
(1,444)
|
|
|
(784)
|
|
|
(84)
|
|
(438)
|
|
|
(82)
|
|
|
|
Statutory profit after
tax1
|
4,284
|
|
|
2,941
|
|
|
46
|
|
1,420
|
|
|
494
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per share1
|
5.9p
|
|
|
3.7p
|
|
|
2.2p
|
|
2.0p
|
|
|
0.6p
|
|
|
1.4p
|
Banking net interest marginA
|
3.15%
|
|
|
2.84%
|
|
|
31bp
|
|
3.08%
|
|
|
2.98%
|
|
|
10bp
|
Average interest-earning banking assetsA
|
£453.5bn
|
|
|
£451.4bn
|
|
|
|
|
£453.0bn
|
|
|
£454.9bn
|
|
|
|
Cost:income ratioA,1
|
49.5%
|
|
|
50.1%
|
|
|
(0.6)pp
|
|
51.1%
|
|
|
48.1%
|
|
|
3.0pp
|
Asset quality ratioA
|
0.25%
|
|
|
0.30%
|
|
|
(5)bp
|
|
0.17%
|
|
|
0.57%
|
|
|
(40)bp
|
Return on tangible equityA,1
|
16.6%
|
|
|
9.6%
|
|
|
7.0pp
|
|
16.9%
|
|
|
4.2%
|
|
|
12.7pp
|
|
At 30 Sep
2023
|
|
|
At 30 Sep
2022
|
|
|
Change
%
|
|
|
|
|
At 31 Dec
2022
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
£452.1bn
|
|
|
£456.3bn
|
|
|
(1)
|
|
|
|
|
£454.9bn
|
|
|
(1)
|
Customer deposits
|
£470.3bn
|
|
|
£484.3bn
|
|
|
(3)
|
|
|
|
|
£475.3bn
|
|
|
(1)
|
Loan to deposit ratioA
|
96%
|
|
|
94%
|
|
|
2pp
|
|
|
|
|
96%
|
|
|
|
CET1 ratio
|
14.6%
|
|
|
15.0%
|
|
|
(0.4)pp
|
|
|
|
|
15.1%
|
|
|
(0.5)pp
|
Pro forma CET1 ratioA,2
|
14.6%
|
|
|
15.0%
|
|
|
(0.4)pp
|
|
|
|
|
14.1%
|
|
|
0.5pp
|
Total capital ratio
|
19.9%
|
|
|
19.4%
|
|
|
0.5pp
|
|
|
|
|
19.7%
|
|
|
0.2pp
|
MREL ratio
|
32.6%
|
|
|
32.8%
|
|
|
(0.2)pp
|
|
|
|
|
31.7%
|
|
|
0.9pp
|
UK leverage ratio
|
5.7%
|
|
|
5.3%
|
|
|
0.4pp
|
|
|
|
|
5.6%
|
|
|
0.1pp
|
Risk-weighted assets
|
£217.7bn
|
|
|
£210.8bn
|
|
|
3
|
|
|
|
|
£210.9bn
|
|
|
3
|
Wholesale funding
|
£108.5bn
|
|
|
£98.9bn
|
|
|
10
|
|
|
|
|
£100.3bn
|
|
|
8
|
Liquidity coverage ratio3
|
142%
|
|
|
146%
|
|
|
(4)pp
|
|
|
|
|
144%
|
|
|
(2)pp
|
Net
stable funding ratio4
|
130%
|
|
|
|
|
|
|
|
|
|
|
130%
|
|
|
|
Tangible net assets per shareA,1
|
47.2p
|
|
|
44.5p
|
|
|
2.7p
|
|
|
|
|
46.5p
|
|
|
0.7p
|
|
Quarter
ended
30 Sep
2023
£m
|
|
|
Quarter
ended
30 Jun
2023
£m
|
|
Change
%
|
|
|
Quarter
ended
31 Mar
2023
£m
|
|
|
Quarter
ended
31 Dec
2022
£m
|
|
|
Quarter
ended
30 Sep
2022
£m
|
|
|
Quarter
ended
30 Jun
2022
£m
|
|
|
Quarter
ended
31 Mar
2022
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Underlying net interest income
|
3,444
|
|
|
3,469
|
|
|
(1)
|
|
|
3,535
|
|
|
3,643
|
|
|
3,394
|
|
|
3,190
|
|
|
2,945
|
|
Underlying other income1
|
1,299
|
|
|
1,281
|
|
|
1
|
|
|
1,257
|
|
|
1,128
|
|
|
1,171
|
|
|
1,185
|
|
|
1,182
|
|
Operating lease depreciation
|
(229)
|
|
|
(216)
|
|
|
(6)
|
|
|
(140)
|
|
|
(78)
|
|
|
(82)
|
|
|
(119)
|
|
|
(94)
|
|
Net income
|
4,514
|
|
|
4,534
|
|
|
|
|
|
4,652
|
|
|
4,693
|
|
|
4,483
|
|
|
4,256
|
|
|
4,033
|
|
Operating costs1
|
(2,241)
|
|
|
(2,243)
|
|
|
|
|
|
(2,170)
|
|
|
(2,356)
|
|
|
(2,145)
|
|
|
(2,112)
|
|
|
(2,059)
|
|
Remediation
|
(64)
|
|
|
(51)
|
|
|
(25)
|
|
|
(19)
|
|
|
(166)
|
|
|
(10)
|
|
|
(27)
|
|
|
(52)
|
|
Total costs
|
(2,305)
|
|
|
(2,294)
|
|
|
|
|
|
(2,189)
|
|
|
(2,522)
|
|
|
(2,155)
|
|
|
(2,139)
|
|
|
(2,111)
|
|
Underlying profit before impairment
|
2,209
|
|
|
2,240
|
|
|
(1)
|
|
|
2,463
|
|
|
2,171
|
|
|
2,328
|
|
|
2,117
|
|
|
1,922
|
|
Underlying impairment charge
|
(187)
|
|
|
(419)
|
|
|
55
|
|
|
(243)
|
|
|
(465)
|
|
|
(668)
|
|
|
(200)
|
|
|
(177)
|
|
Underlying profit
|
2,022
|
|
|
1,821
|
|
|
11
|
|
|
2,220
|
|
|
1,706
|
|
|
1,660
|
|
|
1,917
|
|
|
1,745
|
|
Restructuring
|
(44)
|
|
|
(13)
|
|
|
|
|
|
(12)
|
|
|
(11)
|
|
|
(22)
|
|
|
(23)
|
|
|
(24)
|
|
Volatility and other items1
|
(120)
|
|
|
(198)
|
|
|
39
|
|
|
52
|
|
|
(638)
|
|
|
(1,062)
|
|
|
(289)
|
|
|
(177)
|
|
Statutory profit before
tax1
|
1,858
|
|
|
1,610
|
|
|
15
|
|
|
2,260
|
|
|
1,057
|
|
|
576
|
|
|
1,605
|
|
|
1,544
|
|
Tax expense1
|
(438)
|
|
|
(387)
|
|
|
(13)
|
|
|
(619)
|
|
|
(75)
|
|
|
(82)
|
|
|
(303)
|
|
|
(399)
|
|
Statutory profit after
tax1
|
1,420
|
|
|
1,223
|
|
|
16
|
|
|
1,641
|
|
|
982
|
|
|
494
|
|
|
1,302
|
|
|
1,145
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking net interest marginA
|
3.08%
|
|
|
3.14%
|
|
|
(6)bp
|
|
|
3.22%
|
|
|
3.22%
|
|
|
2.98%
|
|
|
2.87%
|
|
|
2.68%
|
|
Average interest-earning banking assetsA
|
£453.0bn
|
|
|
£453.4bn
|
|
|
|
|
|
£454.2bn
|
|
|
£453.8bn
|
|
|
£454.9bn
|
|
|
£451.2bn
|
|
|
£448.0bn
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost:income ratioA,1
|
51.1%
|
|
|
50.6%
|
|
|
0.5pp
|
|
|
47.1%
|
|
|
53.7%
|
|
|
48.1%
|
|
|
50.3%
|
|
|
52.3%
|
|
Asset quality ratioA
|
0.17%
|
|
|
0.36%
|
|
|
(19)bp
|
|
|
0.22%
|
|
|
0.38%
|
|
|
0.57%
|
|
|
0.17%
|
|
|
0.16%
|
|
Return on tangible equityA,1
|
16.9%
|
|
|
13.6%
|
|
|
3.3pp
|
|
|
19.1%
|
|
|
11.0%
|
|
|
4.2%
|
|
|
13.0%
|
|
|
10.7%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
£452.1bn
|
|
|
£450.7bn
|
|
|
|
|
|
£452.3bn
|
|
|
£454.9bn
|
|
|
£456.3bn
|
|
|
£456.1bn
|
|
|
£451.8bn
|
|
Customer deposits
|
£470.3bn
|
|
|
£469.8bn
|
|
|
|
|
|
£473.1bn
|
|
|
£475.3bn
|
|
|
£484.3bn
|
|
|
£478.2bn
|
|
|
£481.1bn
|
|
Loan to deposit ratioA
|
96%
|
|
|
96%
|
|
|
|
|
|
96%
|
|
|
96%
|
|
|
94%
|
|
|
95%
|
|
|
94%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk-weighted assets
|
£217.7bn
|
|
|
£215.3bn
|
|
|
1
|
|
|
£210.9bn
|
|
|
£210.9bn
|
|
|
£210.8bn
|
|
|
£209.6bn
|
|
|
£210.2bn
|
|
Tangible net assets per shareA,1
|
47.2p
|
|
|
45.7p
|
|
|
1.5p
|
|
|
49.6p
|
|
|
46.5p
|
|
|
44.5p
|
|
|
51.4p
|
|
|
53.7p
|
|
|
At 30 Sep
2023
£bn
|
|
|
At 30 Jun
2023
£bn
|
|
|
Change
%
|
|
At 30 Sep
2022
£bn
|
|
|
Change
%
|
|
At 31 Dec
2022
£bn
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Open mortgage book
|
298.3
|
|
|
297.9
|
|
|
|
|
298.4
|
|
|
|
|
299.6
|
|
|
|
Closed mortgage book
|
8.1
|
|
|
8.5
|
|
|
(5)
|
|
12.3
|
|
|
(34)
|
|
11.6
|
|
|
(30)
|
Credit cards
|
15.1
|
|
|
14.9
|
|
|
1
|
|
14.3
|
|
|
6
|
|
14.3
|
|
|
6
|
UK Retail unsecured loans
|
9.5
|
|
|
9.3
|
|
|
2
|
|
8.8
|
|
|
8
|
|
8.7
|
|
|
9
|
UK Motor Finance
|
15.1
|
|
|
14.9
|
|
|
1
|
|
14.2
|
|
|
6
|
|
14.3
|
|
|
6
|
Overdrafts
|
1.0
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
|
1.0
|
|
|
|
Wealth
|
0.9
|
|
|
0.9
|
|
|
|
|
1.0
|
|
|
(10)
|
|
0.9
|
|
|
|
Retail other1
|
15.1
|
|
|
14.5
|
|
|
4
|
|
13.0
|
|
|
16
|
|
13.8
|
|
|
9
|
Small and Medium Businesses
|
34.2
|
|
|
35.5
|
|
|
(4)
|
|
39.8
|
|
|
(14)
|
|
37.7
|
|
|
(9)
|
Corporate and Institutional Banking
|
57.3
|
|
|
56.6
|
|
|
1
|
|
57.6
|
|
|
(1)
|
|
56.0
|
|
|
2
|
Central items2
|
(2.5)
|
|
|
(3.3)
|
|
|
24
|
|
(4.1)
|
|
|
39
|
|
(3.0)
|
|
|
17
|
Loans and advances to customers
|
452.1
|
|
|
450.7
|
|
|
|
|
456.3
|
|
|
(1)
|
|
454.9
|
|
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer deposits
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail current accounts
|
104.6
|
|
|
107.8
|
|
|
(3)
|
|
115.7
|
|
|
(10)
|
|
114.0
|
|
|
(8)
|
Retail relationship savings accounts
|
173.8
|
|
|
169.4
|
|
|
3
|
|
165.7
|
|
|
5
|
|
166.3
|
|
|
5
|
Retail tactical savings accounts
|
17.0
|
|
|
16.5
|
|
|
3
|
|
16.2
|
|
|
5
|
|
16.1
|
|
|
6
|
Wealth
|
11.2
|
|
|
12.2
|
|
|
(8)
|
|
14.9
|
|
|
(25)
|
|
14.4
|
|
|
(22)
|
Commercial Banking deposits
|
163.7
|
|
|
163.6
|
|
|
|
|
170.2
|
|
|
(4)
|
|
163.8
|
|
|
|
Central items
|
-
|
|
|
0.3
|
|
|
|
|
1.6
|
|
|
|
|
0.7
|
|
|
|
Customer deposits
|
470.3
|
|
|
469.8
|
|
|
|
|
484.3
|
|
|
(3)
|
|
475.3
|
|
|
(1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets3
|
893.1
|
|
|
882.8
|
|
|
1
|
|
888.8
|
|
|
|
|
873.4
|
|
|
2
|
Total liabilities3
|
848.1
|
|
|
838.3
|
|
|
1
|
|
845.5
|
|
|
|
|
829.5
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shareholders' equity3
|
37.9
|
|
|
37.3
|
|
|
2
|
|
36.9
|
|
|
3
|
|
38.4
|
|
|
(1)
|
Other equity instruments
|
6.9
|
|
|
6.9
|
|
|
|
|
6.2
|
|
|
11
|
|
5.3
|
|
|
30
|
Non-controlling interests
|
0.2
|
|
|
0.3
|
|
|
(33)
|
|
0.2
|
|
|
|
|
0.2
|
|
|
|
Total equity
|
45.0
|
|
|
44.5
|
|
|
1
|
|
43.3
|
|
|
4
|
|
43.9
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary shares in issue, excluding own shares
|
63,486m
|
|
|
64,571m
|
|
|
(2)
|
|
67,464m
|
|
|
(6)
|
|
66,944m
|
|
|
(5)
|
Summary income statement
|
Nine
months
ended
30 Sep
2023
£m
|
|
|
Nine
months
ended
30
Sep
20221
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
Net interest income
|
10,111
|
|
|
9,354
|
|
|
8
|
Other income
|
9,958
|
|
|
(24,959)
|
|
|
|
Total income
|
20,069
|
|
|
(15,605)
|
|
|
|
Net finance (expense) income in respect of insurance and investment
contracts
|
(6,167)
|
|
|
27,026
|
|
|
|
Total income, after net finance (expense) income in respect of
insurance and investment contracts
|
13,902
|
|
|
11,421
|
|
|
22
|
Operating expenses
|
(7,331)
|
|
|
(6,640)
|
|
|
(10)
|
Impairment
|
(843)
|
|
|
(1,056)
|
|
|
20
|
Profit before tax
|
5,728
|
|
|
3,725
|
|
|
54
|
Tax expense
|
(1,444)
|
|
|
(784)
|
|
|
(84)
|
Profit for the period
|
4,284
|
|
|
2,941
|
|
|
46
|
|
|
|
|
|
|
|
|
Profit attributable to ordinary shareholders
|
3,840
|
|
|
2,538
|
|
|
51
|
Ordinary shares in issue (weighted-average - basic)
|
65,446m
|
|
|
69,478m
|
|
|
(6)
|
Basic earnings per share
|
5.9p
|
|
|
3.7p
|
|
|
2.2p
|
Pro forma CET1 ratio as at 31 December
20221
|
14.1%
|
|
Banking build (including impairment charge) (bps)
|
192
|
|
Risk-weighted assets (bps)
|
(28)
|
|
Fixed pension deficit contributions (bps)
|
(30)
|
|
Other movements (bps)
|
31
|
|
Capital generation (bps)
|
165
|
|
CRD IV and transitional headwinds (bps)2
|
(36)
|
|
Capital generation (post CRD IV and transitional headwinds)
(bps)
|
129
|
|
Tusker acquisition (bps)
|
(21)
|
|
Ordinary dividend (bps)
|
(65)
|
|
CET1 ratio as at 30 September 2023
|
14.6%
|
|
|
Nine
months
ended
30 Sep
2023
£m
|
|
|
Nine
months
ended
30 Sep
2022
£m
|
|
|
Change
%
|
|
Three
months
ended
30 Sep
2023
£m
|
|
|
Three
months
ended
30 Sep
2022
£m
|
|
|
Change
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charges
pre-updated MES1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail
|
787
|
|
|
520
|
|
|
(51)
|
|
236
|
|
|
235
|
|
|
|
Commercial
Banking
|
139
|
|
|
1
|
|
|
|
|
31
|
|
|
8
|
|
|
|
Other
|
(8)
|
|
|
11
|
|
|
|
|
(6)
|
|
|
7
|
|
|
|
|
918
|
|
|
532
|
|
|
(73)
|
|
261
|
|
|
250
|
|
|
(4)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Updated economic outlook
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retail
|
(30)
|
|
|
541
|
|
|
|
|
(71)
|
|
|
370
|
|
|
|
Commercial
Banking
|
(39)
|
|
|
372
|
|
|
|
|
(3)
|
|
|
248
|
|
|
|
Other
|
-
|
|
|
(400)
|
|
|
|
|
-
|
|
|
(200)
|
|
|
|
|
(69)
|
|
|
513
|
|
|
|
|
(74)
|
|
|
418
|
|
|
|
Underlying impairment chargeA
|
849
|
|
|
1,045
|
|
|
19
|
|
187
|
|
|
668
|
|
|
72
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset
quality ratioA
|
0.25%
|
|
|
0.30%
|
|
|
(5)bp
|
|
0.17%
|
|
|
0.57%
|
|
|
(40)bp
|
Total
expected credit loss allowanceA
(at end
of period)
|
5,389
|
|
|
5,017
|
|
|
(7)
|
|
|
|
|
|
|
|
|
At 30 September 2023
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|||||||||||||||||
UK
mortgages
|
254,680
|
|
|
46,382
|
|
|
6,928
|
|
|
307,990
|
|
|
15.1
|
|
|
2.2
|
|
Credit
cards
|
12,154
|
|
|
3,277
|
|
|
308
|
|
|
15,739
|
|
|
20.8
|
|
|
2.0
|
|
Loans
and overdrafts
|
9,172
|
|
|
1,729
|
|
|
240
|
|
|
11,141
|
|
|
15.5
|
|
|
2.2
|
|
UK
Motor Finance
|
12,985
|
|
|
2,246
|
|
|
113
|
|
|
15,344
|
|
|
14.6
|
|
|
0.7
|
|
Other
|
15,460
|
|
|
525
|
|
|
146
|
|
|
16,131
|
|
|
3.3
|
|
|
0.9
|
|
Retail1
|
304,451
|
|
|
54,159
|
|
|
7,735
|
|
|
366,345
|
|
|
14.8
|
|
|
2.1
|
|
Small
and Medium Businesses
|
28,543
|
|
|
4,705
|
|
|
1,475
|
|
|
34,723
|
|
|
13.6
|
|
|
4.2
|
|
Corporate
and Institutional Banking
|
52,874
|
|
|
3,993
|
|
|
1,745
|
|
|
58,612
|
|
|
6.8
|
|
|
3.0
|
|
Commercial Banking
|
81,417
|
|
|
8,698
|
|
|
3,220
|
|
|
93,335
|
|
|
9.3
|
|
|
3.4
|
|
Equity
Investments and Central Items2
|
(2,579)
|
|
|
-
|
|
|
6
|
|
|
(2,573)
|
|
|
|
|
|
|
|
Total gross lending
|
383,289
|
|
|
62,857
|
|
|
10,961
|
|
|
457,107
|
|
|
13.8
|
|
|
2.4
|
|
ECL allowance on drawn balances
|
(848)
|
|
|
(1,750)
|
|
|
(2,430)
|
|
|
(5,028)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
382,441
|
|
|
61,107
|
|
|
8,531
|
|
|
452,079
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|||||||||||||||||
UK
mortgages
|
149
|
|
|
628
|
|
|
855
|
|
|
1,632
|
|
|
|
|
|
|
|
Credit
cards
|
202
|
|
|
428
|
|
|
130
|
|
|
760
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
211
|
|
|
332
|
|
|
131
|
|
|
674
|
|
|
|
|
|
|
|
UK
Motor Finance3
|
119
|
|
|
77
|
|
|
57
|
|
|
253
|
|
|
|
|
|
|
|
Other
|
21
|
|
|
20
|
|
|
49
|
|
|
90
|
|
|
|
|
|
|
|
Retail1
|
702
|
|
|
1,485
|
|
|
1,222
|
|
|
3,409
|
|
|
|
|
|
|
|
Small
and Medium Businesses
|
131
|
|
|
232
|
|
|
180
|
|
|
543
|
|
|
|
|
|
|
|
Corporate
and Institutional Banking
|
163
|
|
|
200
|
|
|
1,026
|
|
|
1,389
|
|
|
|
|
|
|
|
Commercial Banking
|
294
|
|
|
432
|
|
|
1,206
|
|
|
1,932
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
4
|
|
|
4
|
|
|
|
|
|
|
|
Total
|
996
|
|
|
1,917
|
|
|
2,432
|
|
|
5,345
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn) as a percentage
of loans and advances to customers4
|
|||||||||||||||||
UK
mortgages
|
0.1
|
|
|
1.4
|
|
|
12.3
|
|
|
0.5
|
|
|
|
|
|
|
|
Credit
cards
|
1.7
|
|
|
13.1
|
|
|
52.8
|
|
|
4.8
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
2.3
|
|
|
19.2
|
|
|
67.2
|
|
|
6.1
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.9
|
|
|
3.4
|
|
|
50.4
|
|
|
1.6
|
|
|
|
|
|
|
|
Other
|
0.1
|
|
|
3.8
|
|
|
33.6
|
|
|
0.6
|
|
|
|
|
|
|
|
Retail1
|
0.2
|
|
|
2.7
|
|
|
16.0
|
|
|
0.9
|
|
|
|
|
|
|
|
Small
and Medium Businesses
|
0.5
|
|
|
4.9
|
|
|
15.6
|
|
|
1.6
|
|
|
|
|
|
|
|
Corporate
and Institutional Banking
|
0.3
|
|
|
5.0
|
|
|
58.8
|
|
|
2.4
|
|
|
|
|
|
|
|
Commercial Banking
|
0.4
|
|
|
5.0
|
|
|
41.6
|
|
|
2.1
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
|
|
|
|
|
|
66.7
|
|
|
|
|
|
|
|
|
|
|
Total
|
0.3
|
|
|
3.0
|
|
|
23.1
|
|
|
1.2
|
|
|
|
|
|
|
|
At 31 December 2022
|
Stage 1
£m
|
|
|
Stage 2
£m
|
|
|
Stage 3
£m
|
|
|
Total
£m
|
|
|
Stage 2
as % of
total
|
|
|
Stage 3
as % of
total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans and advances to customers
|
|||||||||||||||||
UK
mortgages
|
259,843
|
|
|
46,347
|
|
|
6,529
|
|
|
312,719
|
|
|
14.8
|
|
|
2.1
|
|
Credit
cards
|
11,416
|
|
|
3,287
|
|
|
289
|
|
|
14,992
|
|
|
21.9
|
|
|
1.9
|
|
Loans
and overdrafts
|
8,357
|
|
|
1,713
|
|
|
247
|
|
|
10,317
|
|
|
16.6
|
|
|
2.4
|
|
UK
Motor Finance
|
12,174
|
|
|
2,245
|
|
|
154
|
|
|
14,573
|
|
|
15.4
|
|
|
1.1
|
|
Other
|
13,990
|
|
|
643
|
|
|
157
|
|
|
14,790
|
|
|
4.3
|
|
|
1.1
|
|
Retail1
|
305,780
|
|
|
54,235
|
|
|
7,376
|
|
|
367,391
|
|
|
14.8
|
|
|
2.0
|
|
Small
and Medium Businesses
|
30,781
|
|
|
5,654
|
|
|
1,760
|
|
|
38,195
|
|
|
14.8
|
|
|
4.6
|
|
Corporate
and Institutional Banking
|
49,728
|
|
|
5,839
|
|
|
1,611
|
|
|
57,178
|
|
|
10.2
|
|
|
2.8
|
|
Commercial Banking
|
80,509
|
|
|
11,493
|
|
|
3,371
|
|
|
95,373
|
|
|
12.1
|
|
|
3.5
|
|
Equity
Investments and Central Items2
|
(2,972)
|
|
|
-
|
|
|
6
|
|
|
(2,966)
|
|
|
|
|
|
|
|
Total gross lending
|
383,317
|
|
|
65,728
|
|
|
10,753
|
|
|
459,798
|
|
|
14.3
|
|
|
2.3
|
|
ECL allowance on drawn balances
|
(700)
|
|
|
(1,936)
|
|
|
(2,263)
|
|
|
(4,899)
|
|
|
|
|
|
|
|
Net balance sheet carrying value
|
382,617
|
|
|
63,792
|
|
|
8,490
|
|
|
454,899
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer related ECL allowance (drawn and undrawn)
|
|||||||||||||||||
UK
mortgages
|
92
|
|
|
681
|
|
|
817
|
|
|
1,590
|
|
|
|
|
|
|
|
Credit
cards
|
173
|
|
|
477
|
|
|
113
|
|
|
763
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
185
|
|
|
367
|
|
|
126
|
|
|
678
|
|
|
|
|
|
|
|
UK
Motor Finance3
|
95
|
|
|
76
|
|
|
81
|
|
|
252
|
|
|
|
|
|
|
|
Other
|
16
|
|
|
18
|
|
|
52
|
|
|
86
|
|
|
|
|
|
|
|
Retail1
|
561
|
|
|
1,619
|
|
|
1,189
|
|
|
3,369
|
|
|
|
|
|
|
|
Small
and Medium Businesses
|
129
|
|
|
271
|
|
|
149
|
|
|
549
|
|
|
|
|
|
|
|
Corporate
and Institutional Banking
|
144
|
|
|
231
|
|
|
925
|
|
|
1,300
|
|
|
|
|
|
|
|
Commercial Banking
|
273
|
|
|
502
|
|
|
1,074
|
|
|
1,849
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
-
|
|
|
-
|
|
|
4
|
|
|
4
|
|
|
|
|
|
|
|
Total
|
834
|
|
|
2,121
|
|
|
2,267
|
|
|
5,222
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customer
related ECL allowance (drawn and undrawn) as a percentage of loans
and advances to customers4
|
|||||||||||||||||
UK
mortgages
|
-
|
|
|
1.5
|
|
|
12.5
|
|
|
0.5
|
|
|
|
|
|
|
|
Credit
cards
|
1.5
|
|
|
14.5
|
|
|
50.9
|
|
|
5.1
|
|
|
|
|
|
|
|
Loans
and overdrafts
|
2.2
|
|
|
21.4
|
|
|
64.6
|
|
|
6.6
|
|
|
|
|
|
|
|
UK
Motor Finance
|
0.8
|
|
|
3.4
|
|
|
52.6
|
|
|
1.7
|
|
|
|
|
|
|
|
Other
|
0.1
|
|
|
2.8
|
|
|
33.1
|
|
|
0.6
|
|
|
|
|
|
|
|
Retail1
|
0.2
|
|
|
3.0
|
|
|
16.4
|
|
|
0.9
|
|
|
|
|
|
|
|
Small
and Medium Businesses
|
0.4
|
|
|
4.8
|
|
|
12.9
|
|
|
1.5
|
|
|
|
|
|
|
|
Corporate
and Institutional Banking
|
0.3
|
|
|
4.0
|
|
|
57.5
|
|
|
2.3
|
|
|
|
|
|
|
|
Commercial Banking
|
0.3
|
|
|
4.4
|
|
|
38.9
|
|
|
2.0
|
|
|
|
|
|
|
|
Equity Investments and Central Items
|
|
|
|
|
|
|
66.7
|
|
|
|
|
|
|
|
|
|
|
Total
|
0.2
|
|
|
3.2
|
|
|
22.6
|
|
|
1.1
|
|
|
|
|
|
|
|
|
Probability-
weighted
£m
|
|
|
Upside
£m
|
|
|
Base case
£m
|
|
|
Downside
£m
|
|
|
Severe
downside
£m
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 30 September 2023
|
|
5,389
|
|
|
3,986
|
|
|
4,733
|
|
|
5,884
|
|
|
10,076
|
|
At 31 December 2022
|
|
5,284
|
|
|
3,903
|
|
|
4,593
|
|
|
5,773
|
|
|
10,032
|
|
At 30 September 2023
|
First
quarter
2023
%
|
Second
quarter
2023
%
|
Third
quarter
2023
%
|
Fourth
quarter
2023
%
|
First
quarter
2024
%
|
Second
quarter
2024
%
|
Third
quarter
2024
%
|
Fourth
quarter
2024
%
|
|
|
|
|
|
|
|
|
|
Gross domestic product
|
0.1
|
0.2
|
0.1
|
0.1
|
0.1
|
0.1
|
0.1
|
0.2
|
Unemployment rate
|
3.9
|
4.2
|
4.5
|
4.7
|
4.8
|
4.9
|
5.0
|
5.0
|
House price growth
|
1.6
|
(2.6)
|
(5.8)
|
(4.7)
|
(8.5)
|
(8.7)
|
(5.7)
|
(2.4)
|
Commercial real estate price growth
|
(18.8)
|
(21.2)
|
(19.7)
|
(4.2)
|
(1.2)
|
(2.2)
|
1.3
|
1.0
|
UK Bank Rate
|
4.25
|
5.00
|
5.25
|
5.25
|
5.25
|
5.25
|
5.25
|
5.00
|
CPI inflation
|
10.2
|
8.4
|
6.7
|
5.2
|
4.7
|
3.7
|
4.1
|
3.9
|
At 30 September 2023
|
2023
%
|
2024
%
|
2025
%
|
2026
%
|
2027
%
|
2023-2027
average
%
|
|
|
|
|
|
|
|
Upside
|
|
|
|
|
|
|
Gross domestic product
|
0.8
|
2.0
|
1.5
|
1.8
|
2.1
|
1.6
|
Unemployment rate
|
3.9
|
2.9
|
2.8
|
3.1
|
3.1
|
3.1
|
House price growth
|
(3.4)
|
1.4
|
9.5
|
9.7
|
7.6
|
4.8
|
Commercial real estate price growth
|
(0.4)
|
9.5
|
3.2
|
2.3
|
2.0
|
3.3
|
UK Bank Rate
|
5.06
|
6.61
|
6.27
|
5.76
|
5.59
|
5.86
|
CPI inflation
|
7.6
|
4.2
|
3.4
|
3.2
|
3.6
|
4.4
|
|
|
|
|
|
|
|
Base case
|
|
|
|
|
|
|
Gross domestic product
|
0.4
|
0.5
|
1.0
|
1.7
|
2.1
|
1.2
|
Unemployment rate
|
4.3
|
4.9
|
5.1
|
5.1
|
5.0
|
4.9
|
House price growth
|
(4.7)
|
(2.4)
|
2.3
|
4.0
|
4.1
|
0.6
|
Commercial real estate price growth
|
(4.2)
|
1.0
|
0.5
|
1.2
|
1.8
|
0.0
|
UK Bank Rate
|
4.94
|
5.19
|
4.38
|
3.75
|
3.50
|
4.35
|
CPI inflation
|
7.6
|
4.1
|
2.9
|
2.1
|
2.3
|
3.8
|
|
|
|
|
|
|
|
Downside
|
|
|
|
|
|
|
Gross domestic product
|
0.0
|
(1.4)
|
0.5
|
1.7
|
2.2
|
0.6
|
Unemployment rate
|
4.8
|
7.1
|
7.5
|
7.4
|
7.0
|
6.7
|
House price growth
|
(5.7)
|
(5.6)
|
(4.5)
|
(2.0)
|
0.2
|
(3.6)
|
Commercial real estate price growth
|
(7.7)
|
(7.7)
|
(3.0)
|
(1.1)
|
0.3
|
(3.9)
|
UK Bank Rate
|
4.83
|
3.69
|
2.34
|
1.61
|
1.27
|
2.75
|
CPI inflation
|
7.6
|
4.0
|
2.4
|
1.1
|
0.9
|
3.2
|
|
|
|
|
|
|
|
Severe downside
|
|
|
|
|
|
|
Gross domestic product
|
(0.4)
|
(3.1)
|
0.1
|
1.5
|
2.1
|
0.0
|
Unemployment rate
|
5.4
|
9.8
|
10.5
|
10.1
|
9.5
|
9.1
|
House price growth
|
(7.4)
|
(10.1)
|
(12.9)
|
(9.4)
|
(5.4)
|
(9.1)
|
Commercial real estate price growth
|
(12.9)
|
(19.3)
|
(9.4)
|
(5.6)
|
(2.3)
|
(10.1)
|
UK Bank Rate - modelled
|
4.66
|
1.87
|
0.42
|
0.13
|
0.05
|
1.42
|
UK Bank
Rate - adjusted1
|
5.44
|
7.00
|
4.94
|
3.88
|
3.50
|
4.95
|
CPI inflation - modelled
|
7.6
|
3.8
|
1.6
|
(0.3)
|
(0.9)
|
2.4
|
CPI
inflation - adjusted1
|
8.1
|
6.3
|
5.4
|
4.2
|
3.9
|
5.6
|
|
|
|
|
|
|
|
Probability-weighted
|
|
|
|
|
|
|
Gross domestic product
|
0.4
|
0.0
|
0.9
|
1.7
|
2.1
|
1.0
|
Unemployment rate
|
4.4
|
5.5
|
5.7
|
5.7
|
5.5
|
5.3
|
House price growth
|
(4.9)
|
(3.0)
|
0.9
|
2.6
|
3.0
|
(0.3)
|
Commercial real estate price growth
|
(5.0)
|
(1.1)
|
(0.7)
|
0.1
|
1.0
|
(1.2)
|
UK Bank Rate - modelled
|
4.91
|
4.83
|
3.94
|
3.35
|
3.11
|
4.03
|
UK Bank
Rate - adjusted1
|
4.99
|
5.35
|
4.39
|
3.72
|
3.46
|
4.38
|
CPI inflation - modelled
|
7.6
|
4.1
|
2.8
|
1.9
|
2.0
|
3.7
|
CPI
inflation - adjusted1
|
7.7
|
4.3
|
3.2
|
2.3
|
2.4
|
4.0
|
|
Nine
months
ended
30 Sep
2023
|
|
|
Nine
months
ended
30
Sep
20221
|
|
|
|
|
|
|
|
Banking net interest marginA
|
|
|
|
|
|
Underlying net interest income (£m)
|
10,448
|
|
|
9,529
|
|
Remove non-banking underlying net interest expense
(£m)
|
231
|
|
|
69
|
|
Banking underlying net interest income (£m)
|
10,679
|
|
|
9,598
|
|
|
|
|
|
|
|
Statutory net loans and advances to customers
(£bn)
|
452.1
|
|
|
456.3
|
|
Add back expected credit loss allowance (drawn)
(£bn)
|
4.7
|
|
|
4.3
|
|
Add back acquisition related fair value adjustments
(£bn)
|
0.3
|
|
|
0.4
|
|
Underlying gross loans and advances to customers
(£bn)
|
457.1
|
|
|
461.0
|
|
Adjustment for non-banking and other items:
|
|
|
|
|
|
Fee-based
loans and advances (£bn)
|
(8.6)
|
|
|
(8.1)
|
|
Other
(£bn)
|
6.0
|
|
|
4.4
|
|
Interest-earning banking assets (£bn)
|
454.5
|
|
|
457.3
|
|
Averaging (£bn)
|
(1.0)
|
|
|
(5.9)
|
|
Average interest-earning banking assets (£bn)A
|
453.5
|
|
|
451.4
|
|
|
|
|
|
|
|
Banking net interest marginA
|
3.15%
|
|
|
2.84%
|
|
|
Nine
months
ended
30 Sep
2023
|
|
|
Nine
months
ended
30
Sep
20221
|
|
|
|
|
|
|
|
Return on tangible equityA
|
|
|
|
|
|
Profit attributable to ordinary shareholders (£m)
|
3,840
|
|
|
2,538
|
|
|
|
|
|
|
|
Average ordinary shareholders' equity (£bn)
|
38.5
|
|
|
42.1
|
|
Remove average goodwill and other intangible assets
(£bn)
|
(7.6)
|
|
|
(6.6)
|
|
Average tangible equity (£bn)
|
30.9
|
|
|
35.5
|
|
|
|
|
|
|
|
Return on tangible equityA
|
16.6%
|
|
|
9.6%
|
|
Target our Corporate and Institutional offering investor
seminar
|
28 November 2023
|
Full year results for 2023
|
22 February 2024
|
1 Year Lloyds Banking (PK) Chart |
1 Month Lloyds Banking (PK) Chart |
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