Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001654954-25-008460
Chunk: 10

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 10
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 30 June 2025 (31 December 2024: £906,697 million). Financial assets at amortised cost were £6,460 million higher at £538,237 million (31 December 2024: £531,777 million) supported by increases in loans and advances to customers. This included growth of £5.6 billion in UK mortgages and growth across UK Retail unsecured loans, credit cards, UK Motor Finance and the European retail business. Lending balances increased by £1.2 billion in Commercial Banking, with growth in Institutional balances partly offset by repayments of government-backed lending. The growth in loans and advances to customers was partly offset by a £3,512 million reduction in reverse repurchase agreements, a £400 million reduction in loans and advances to banks and a £1,369 million reduction in debt securities.

Financial assets held at fair value through profit or loss increased by £6,017 million, with increased holdings in the Insurance business as a result of market gains on equity investments held to back insurance and investment contract liabilities and increased reverse repurchase agreements in the banking business.

Derivative financial assets were £1,122 million lower at £22,943 million (31 December 2024: £24,065 million), driven by interest rate movements in the period. Financial assets at fair value through other comprehensive income of £33,888 million increased by £3,198 million in the period reflecting increases in liquid asset holdings. Other assets were £3,488 million lower, primarily reflecting the disposal of the Group's bulk annuity business in the second quarter.

Total liabilities were £11,602 million higher at £872,411 million (31 December 2024: £860,809 million). Customer deposits of £493,932 million increased in the period by £11,187 million. Retail deposits increased £3.7 billion in the period, driven by net inflows to limited withdrawal and fixed term deposits as a result of a strong performance throughout the ISA season. Commercial Banking deposits were up £7.6 billion with targeted growth, alongside higher balances partly as a result of market uncertainty.

Financial liabilities at fair value through profit or loss increased by £1,143 million to £28,754 million at 30 June 2025 due to increased repurchase agreements. Derivative financial liabilities decreased by £1,797 million to £19,879 million as a result of market movements. Liabilities arising from insurance and investment contracts increased by £3,945 million reflecting the increase in policyholder investments