Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001654954-25-008460
Chunk: 50

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 50
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 The net stable funding ratio remains strong at 127% (based on a quarterly simple average over the previous four quarters) as at 30 June 2025 (31 December 2024: 129%).

LCR eligible assets comprise £126.3 billion LCR level 1 eligible assets (31 December 2024: £128.5 billion) and £5.5 billion LCR level 2 eligible assets (31 December 2024: £5.9 billion). These assets are available to meet cash and collateral outflows and regulatory requirements. The Insurance business manages a separate liquidity portfolio to mitigate insurance liquidity risk.

The banking business also has a significant amount of non-LCR eligible liquid assets which are eligible for use in a range of central bank or similar facilities. Future use of such facilities will be based on prudent liquidity management and economic considerations, having regard for external market conditions.

During the first half of 2025, the Group accessed wholesale funding across a range of currencies and markets with term issuance volumes totalling £8.0 billion. The Group expects full-year wholesale issuance requirements of around £10.0 billion for 2025. The total outstanding amount of drawings from the Bank of England's Term Funding Scheme with additional incentives for SMEs (TFSME) is £21.9 billion as at 30 June 2025 (31 December 2024: £21.9 billion), with maturities in 2025, 2027 and beyond. The repayment of TFSME has been factored into the Group's funding plans.

The Group's credit ratings are well positioned and continue to reflect the strength of the Group's management and franchise, along with its robust financial performance, capital and funding position.

1 Based on a monthly simple average over the previous 12 months.

LIQUIDITY RISK (continued)

#### Group funding requirements and sources
|                                                         | At 30 Jun 
      2025 
       £bn |     | At 31 Dec 
      2024 
       £bn |     | Change 
      % |
| Group funding position                                  |           |     |           |     |        |
| Total Group assets                                      |     919.3 |     |     906.7 |     |      1 |
| Less other liabilities1                                 |    -248.1 |     |    -247.8 |     |        |
| Funding requirements                                    |     671.2 |     |     658.9 |     |