Lloyds Banking Group publishes Q3 2026 interim management statement presentation transcript
LYG•Lloyds expects full-year net interest income modestly above £14.9 billion and forecasts 2027 structural hedge income above £8 billion, with operating costs rising slightly above 3%.
1. Income and costs outlook
At its October 29 Q3 results call, CFO William Chalmers said full-year net interest income is expected to be modestly above £14.9 billion, with fourth-quarter growth supported by a modest margin increase. Growth is expected to slow in 2027 as competition partly offsets higher volumes and structural hedge income; hedge income is forecast above £8 billion, while operating costs are expected to rise slightly above 3%.
2. Savings target
Lloyds is targeting approximately £2 billion of gross savings under Accelerate 2030, alongside increased investment.
