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Insider UK
Insider UK
Business
Anna Wise & Peter A Walker

EXPLAINED: Lloyds quarterly profits double as borrowing costs rise - The Real Truth

Lloyds Banking Group has said its profits nearly doubled in the final three months of 2022, as its loan book swelled and interest rates increased.

The UK’s largest lender said its quarterly statutory pre-tax profit was £1.8bn, up from £968m over the same period in 2021.

This takes its full-year earnings to £6.9bn, the same as in 2021.

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