EUR 168.92 For Business Accounts Only

Lloyds Banking Group plc: Lloyds Q2 2020: Lower revenues and higher costs lead to a loss, but capital remains strong

Lloyds reported a pre-tax loss of £676 million in Q2 2020 (Q2 2019: £1.3 billion pre-tax profit), reflecting lower revenues and materially higher impairments due to the coronavirus pandemic.
Lloyds Banking Group

Lloyds Banking Group is a financial services provider. Co.'s main business activities are retail and commercial banking, general insurance and long-term savings. Co.'s Lending products are mortgages, credit cards, personal and business loans; Deposit products include taking Current accounts and savings accounts; Insurance products are home insurance, motor insurance and protection; Commercial financing products includes term lending, debt capital markets and private equity; and Risk management products includes interest rate hedging, currency and liquidity. As of Dec 31 2017, Co. had total assets of £812.1 million and total deposits of £448.0 million.

Moody's Investors Service
Moody's Investors Service

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