Company: LLOBF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001654954-25-001688
Chunk: 26

Company: Lloyds Banking Group plc
Filing Date: 2025-02-20
Form: 6-K
Chunk 26
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 31 December 2023 comparative is presented on a consistent basis.

2 The increase in UK mortgages underlying loans and advances to customers is net of the impact of the securitisations of £1.9 billion of primarily legacy Retail mortgages in the second and fourth quarters of 2024.

3 UK Motor Finance balances on an underlying basis A exclude a finance lease gross up. See page 27.

4 Within underlying loans and advances, Retail other includes the European and Wealth businesses.

5 Operating lease assets relate to Lex Autolease and Tusker.

6 From the first quarter of 2024, Retail relationship savings accounts and Retail tactical savings accounts, previously reported separately, are reported together as Retail savings accounts. The 31 December 2023 comparative is presented on a consistent basis.

DIVISIONAL RESULTS (continued)

#### Commercial Banking
Commercial Banking serves small and medium businesses and corporate and institutional clients, providing lending, transactional banking, working capital management, debt financing and risk management services whilst connecting the whole Group to clients. Through investment in digital capability and product development, Commercial Banking will deliver an enhanced customer experience via a digital-first model in Business and Commercial Banking and an expanded client proposition across Commercial Banking, generating diversified capital efficient growth and supporting customers in their transition to net zero.

Strategic progress

● Maintained position as number 1 ranked 1 Infrastructure and Project Finance Bank in the UK, financing wind farms, solar, and investments into newer low carbon technologies

● Increased euro and US dollar debt capital markets issuance volumes by 39 per cent, outperforming the market 2

● Awarded Best Bank for Digitalisation at the Global Trade Review Awards 2024. Completed the Group's first electronic bill of lading transaction, reducing transaction time, execution risk, costs and environmental impact

● Delivered £10.7 billion of sustainable financing 3 in 2024. Ranked first in ESG-labelled bond issuance for UK issuers 4

● Launched 'Lloyds Bank Market Insights' bringing together economics and markets expertise to provide topical and timely thought leadership to clients; consistently recognised as one of the leading forecasters of the UK economy

● Awarded Best Bank Foreign Exchange Trading for Corporates in the UK 5 and delivered 42 per cent year on year increase in foreign exchange volumes

● Achieved strategic objective of Top 5 sterling interest rate swap counterparty with number 2 ranking

● Expanded the mobile-first onboarding journey following initial launch in 2023 to include multiple party limited companies, clubs