Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 41

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 41
---
 million); restructuring costs (£ 9 million); and fair value unwind (losses of

£ 35 million).

2 In the half-year ended 30 June 2024 this comprised the effects of market and other volatility (losses of £ 65 million); the

amortisation of purchased intangibles (£ 41 million); restructuring costs (£ 15 million); and fair value unwind (losses of

£ 52 million).

3 In the half-year ended 31 December 2024 this comprised the effects of market and other volatility (losses of £ 79 million); the

amortisation of purchased intangibles (£ 40 million); restructuring costs (£ 25 million); and fair value unwind (losses of

£ 55 million).

4 Under IFRS 17, expenses which are directly associated with the fulfilment of insurance contracts are reported as part of the

insurance service result within statutory other income. On an underlying basis these expenses remain within costs.

5 Net of losses on disposal of operating lease assets of £ 3 million (half-year to 30 June 2024: profit of £ 37 million; half-year to

31 December 2024: profit of £ 22 million). Statutory operating expenses includes operating lease depreciation. On an underlying

basis operating lease depreciation is included in net income.

| Page 47 of74 |

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

NOTES TO THE CONDENSED CONSOLIDATED HALF-YEAR FINANCIAL STATEMENTS (UNAUDITED) (continued) Note 4: Net fee and commission income

|                                      | Half-yearto 30 Jun2025£m |     | Half-yearto 30 Jun2024£m |     | Half-yearto 31 Dec2024£m |
| Fee and commission income:           |                          |     |                          |     |                          |
| Current accounts                     |                      341 |     |                      314 |     |                      330 |
| Credit and debit card fees           |                      636 |     |                      631 |     |                      655 |
| Commercial banking and treasury fees |                      183 |     |                      188 |     |                      185 |
| Unit trust and insurance broking     |                       31 |     |                       32 |     |                       39 |
| Factoring                            |                       34 |     |                       35 |     |                       34 |
| Other