Lloyds Banking Group (LYG) has released an update.
Lloyds Banking Group reports a solid performance in Q1 2024 with a statutory profit after tax of £1.2 billion, despite a decrease in net income and an increase in operating costs compared to the previous year. The bank has experienced a drop in net interest income but saw a rise in other income, reflecting increased customer activity and strategic initiatives. Lloyds remains confident in its strategic ambitions and maintains its 2024 guidance, with a strong capital position and a continued focus on supporting customers and contributing to Britain’s prosperity.
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