‘Lloyds is showing why UK banking is an attractive place to be now ... uncertainty over the timing is affecting the cost of loans. Rightmove’s weekly mortgage tracker showed the average rate for a two ...

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

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

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 Banking Group fell by more than a quarter in the first three months of the year after Britain’s biggest domestic lender was hit by tougher competition for deposits and mortgages. The ...

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 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 ...

Britain's biggest mortgage lender said pre-tax profits for the first quarter of 2024 fell by 28%. However, it insisted the drop was in line with expectations.

Peel Hunt points out that Lloyds is on track to meet all its 2024 guidance, although the broker did say that the profit mix in the first quarter was “sub-optimal”. However, the outlook is broadly ...

House prices will rise and mortgage rates fall in 2024, Lloyds Bank says - Britain’s biggest bank predicts three rate cuts this year ...