Pre-tax profits drop to £1.6bn between January and March, down from £2.3bn last year ...

Lloyds Banking Group has announced its profits plunged by 28% in the first three months of this year. The bank posted profits of £1.6bn for the quarter, down from £2.3bn for the same period in a ...

Lloyds Banking Group's profits plunged by 28% in early 2024 as competition grew for mortgages and deposits. The bank posted pre-tax profits of £1.6bn between January and March, down from £2.3bn last ...

Lloyds said the decline was partially driven by lower net interest income meaning the difference between what it generates from loans and pays out for deposits ...

Lloyds’ net interest margin (NIM) — the difference between the interest it charges on loans and the rate it pays on customer deposits — fell to 2.95 per cent from 2.98 per cent in the previous quarter ...

But the UK’s biggest mortgage lender said its customers are ‘resilient’ as it unveiled improved predictions for parts of the economy this year.

Lloyds reported a statutory pre-tax profit of £1.6 billion for the first quarter of the year, a decrease of 28 per cent from the £2.3 billion announced during the same period last year. The figures ...

PROFITS at Lloyds have fallen by more than a ­quarter after the bank faced more pressure to increase rates for savings accounts customers. Britain’s biggest domestic lender posted a 28 per cent ...

Higher levels of mortgage refinancing between January and March led to more churn in Lloyds’ mortgage book, denting the bank’s profitability. The bank’s net interest margin (Nim), which measures the ...

Lloyds Banking Group flagged 'elevated severance charges' of £100million that contributed to an 11% increase in operating costs.

LLOYDS Bank offered a “steady as she goes” take on the UK economy as it reported a 28% fall in first quarter profits to £1.6 billion.

The UK's biggest banks are set to report lower profits and narrower margins in the coming weeks as the interest rate tailwind which pushed their earnings to a record high last year dies down.