Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 13

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 13
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 line with the Group’s Sustainable Financing Framework; sustainable financing since 1 January 2024. 3 LSEG Workspace; Structured Finance (excluding collateralised debt obligations) - sterling, All Investment Grade bonds (excluding Sovereign, supranational and agency) - UK issuers (sterling only).

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| LLOYDS BANKING GROUP PLC | 2025HALF-YEAR RESULTS |

DIVISIONAL RESULTS (continued) Commercial Banking (continued) Commercial Banking performance summary

|                                                       | Half-yearto30 Jun2025£m |     | Half-yearto30 Jun2024£m |     | Change% |     | Half-yearto31 Dec2024£m |     | Change% |
| Underlying net interest income                        |                   1,766 |     |                   1,696 |     |       4 |     |                   1,738 |     |       2 |
| Underlying other income1                              |                     926 |     |                     942 |     |      -2 |     |                     873 |     |       6 |
| Operating lease depreciation                          |                      -4 |     |                      -2 |     |         |     |                      -4 |     |         |
| Underlying income, net of operating leasedepreciation |                   2,688 |     |                   2,636 |     |       2 |     |                   2,607 |     |       3 |
| Underlying operating costs1                           |                  -1,394 |     |                  -1,358 |     |      -3 |     |                  -1,394 |     |         |
| Remediation                                           |                       – |     |                     -32 |     |         |     |                     -72 |     |         |
| Total underlying costs                                |                  -1,394 |     |                  -1,390 |     |         |     |                  -1,466 |     |       5 |
| Underlying impairment (charge) credit                 |                    -100 |     |                      83 |     |         |     |                     -69 |     |      45 |
| Underlying profit before tax                          |                   1,194 |     |                   1,329 |     |     -10 |     |                   1,072 |     |      11 |

1 In the half-year to 30 June 2025, for segment reporting, the Group