Lloyds Posts H1 Statutory Profit Before Tax Of £4.3 Billion
LYG•Lloyds reports half-year results and updated strategy
July 30 (Reuters) - Lloyds Banking Group PLC LLOY.L:
- Lloyds Banking Group - 2026 half year results
- Lloyds - on track for £2 billion of strategic initiative income by the end of 2026
- Lloyds - launching Accelerate 2030 strategy
- Lloyds - from 2027 to 2030, sees mid-single-digit net income CAGR and high-single-digit underlying other operating income CAGR
- Lloyds - sees cost:income ratio of less than 45% in 2030, with year-on-year reductions
- Lloyds - sees asset quality ratio of between 25 basis points and 30 basis points through the plan period from 2027 to 2030
- Lloyds - sees return on tangible equity of c.20% in 2030 and greater than 18% in 2028
- Lloyds - sees capital generation of greater than 225 basis points in 2030
- Lloyds - sees pro forma CET1 ratio of c.13.0% from 2027 to 2030
- Lloyds - for 2026 the group reiterates its guidance
- Lloyds - remediation charge of £39 million was recognised by the group in the first half of 2026
- Lloyds - there have been no further charges relating to motor finance commission arrangements
- Lloyds - H1 2026 impairment charge £616m
- Lloyds - intention to implement a further ordinary share buyback programme of up to £1.0 billion, in addition to the £1.75 billion
- Lloyds - restructuring costs for the first half of 2026 were £34 million
