Lloyds Banking Group publishes transcript of 2026 half-year results and strategy update presentation
LYG•Assumptions and capital impact
Chalmers set a 3.5% terminal base rate assumption and said hedge income is seen above GBP 9 billion in 2030. The bank also said Basel 3.1 is expected to cut RWAs by GBP 6-8 billion in 2027.
Capital return and medium-term targets
The bank raised its interim dividend 30% to 1.58 pence per share and announced a GBP 1 billion interim share buyback. Pro forma CET1 ratio after distributions was 13.1%.
Under its Accelerate 2030 plan, Lloyds said it is targeting:
- Mid-single-digit net income CAGR
- A cost-income ratio below 45% in 2030
- RoTE of about 20% in 2030
- Capital generation above 225 bps
Half-year results and strategy update transcript released
Lloyds Banking Group released the transcript of its 2026 half-year results and strategy update attended by CEO Charlie Nunn and CFO William Chalmers.
