2020 Q1 Lloyds Bank Interim Management Statement

NYSE EURONEXT: LY8

REVIEW OF PERFORMANCE  

Income statement

LONDON, April 30, 2020 (GLOBE NEWSWIRE) -- During the three months to 31 March 2020, the Group recorded a profit before tax of £404 million compared with a profit before tax in the three months to 31 March 2019 of £1,420 million, a decrease of £1,016 million which was largely driven by a significantly increased impairment charge due to changes to the Group's economic outlook as a result of the coronavirus pandemic.

Total income decreased by £172 million, or 4 per cent, to £3,902 million in the three months to 31 March 2020 compared with £4,074 million in the three months to 31 March 2019; there was a £166 million decrease in net interest income coupled with a small decrease of £6 million in other income.

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CONTACTS

For further information please contact:

INVESTORS AND ANALYSTS
Douglas Radcliffe
Group Investor Relations Director
020 7356 1571
[e-mail]

Edward Sands
Director of Investor Relations
020 7356 1585
[e-mail]

Nora Thoden
Director of Investor Relations - ESG
020 7356 2334
[e-mail]

CORPORATE AFFAIRS
Grant Ringshaw
Director of Media Relations
020 7356 2362
[e-mail]

Matt Smith
Head of Corporate Media
020 7356 3522
[e-mail]

 

Copies of this interim management statement may be obtained from:
Investor Relations, Lloyds Banking Group plc, 25 Gresham Street, London EC2V 7HN
The statement can also be found on the Group's website - www.lloydsbankinggroup.com

Registered office: Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN
Registered in England no. 2065

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