Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001654954-25-008460
Chunk: 38

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 38
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2 Reflects the reversal of the brought forward accrual for the final 2024 ordinary dividend, net of the accrual for the foreseeable 2025 ordinary dividend.

3 Received in February 2025.

The Group's CET1 capital ratio reduced to 13.8% at 30 June 2025 (31 December 2024: 14.2%) reflecting the reduction in CET1 capital resources and the increase in risk-weighted assets.

CET1 capital resources reduced by £117 million, with banking business profits for the first half of the year and the receipt of the dividend paid up by the Insurance business in February 2025 more than offset by:

● The accrual for foreseeable ordinary dividends in respect of the first half of 2025, inclusive of the announced interim ordinary dividend of 1.22 pence per share, and distributions on other equity instruments

● The recognition of the full capital impact of the ordinary share buyback programme announced as part of the Group's 2024 year end results, which commenced in February 2025

The full capital impact of the Insurance dividend received in July 2025 is reflected through the Group's pro forma CET1 capital ratio of 13.8% at 30 June 2025.

The full capital impact of the ordinary share buyback programme and the Insurance dividend received in February 2025 were reflected through the Group's pro forma CET1 capital ratio of 13.5% at 31 December 2024.

CAPITAL RISK (continued)

#### Movements in total capital and MREL
The Group's total capital ratio remained at 19.0% at 30 June 2025 (31 December 2024: 19.0%). The issuance of new AT1 and tier 2 capital instruments during the period was broadly offset by the reduction in CET1 capital, AT1 and tier 2 instrument calls, other tier 2 movements and the increase in risk-weighted assets.

The MREL ratio reduced to 31.4% at 30 June 2025 (31 December 2024: 32.2%) with the increase in MREL resources, reflecting the increase in total capital resources net of other adjustments, more than offset by the increase in risk-weighted assets.

#### Risk-weighted assets
|                                                  | At 30 Jun 
      2025 
        £m |     | At 31 Dec 
      2024 
        £m |
| Foundation Internal Ratings Based (IRB)