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Evening Standard
Evening Standard
Business
Holly Williams

THE TRUTH ABOUT: Lloyds sees profits dip as bad debt provisions jump - The Untold Story

Lloyds Banking Group stuck by its guidance for full-year results (Stefan Rousseau/PA) - (PA Archive)

Lending giant Lloyds Banking Group has reported a fall in profits as it set aside more money for bad debts amid economic uncertainty due to the global trade tariff war.

The group reported pre-tax profits of £1.52 billion for the three months to the end of March, down 7% on the £1.63 billion reported a year ago.

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