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Lloyds Banking Group Posts £1.1bn Q1 Profit Amid Strong Lending and Deposit Growth
3:33am on Monday 2nd of June, 2025 AEST
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Financial Services
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Lloyds Banking Group Posts £1.1bn Q1 Profit Amid Strong Lending and Deposit Growth
3:33am on Monday 2nd of June, 2025 AEST
Key Points
Statutory profit after tax of £1.1 billion, net income up 4%
Underlying net interest income increased 3% to £3.3 billion
Loans and advances grew by £7.1 billion, led by £4.8 billion in UK mortgages
Operating costs rose 6% due to inflation and strategic investments
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Lloyds Banking Group PLC (ASX:LO1)
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