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 ...

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 ...

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

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 Bank says house prices to rise and mortgage rates to fall - Britain’s biggest bank predicts three rate cuts this year ...

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

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 ...

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 reported a 28% fall in first quarter pretax profit on Wednesday, in line with analyst expectations, as rising costs, peaking interest rates and intensifying competition in the ...

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 ...