Company: LLOBF
Filing Date: 2025-05-01
Form Type: 6-K
Source: 0001160106-25-000018
Chunk: 5

Company: Lloyds Banking Group plc
Filing Date: 2025-05-01
Form: 6-K
Chunk 5
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 comprehensive income were stable in the period at £ 31,027 million. Other assets were £ 3,625 million higher , primarily reflecting increased settlement balances. Total liabilities were £ 1,288 million higher at £ 862,097 million (31 December 2024 : £ 860,809 million). Customer deposits of £ 487,691 million increased in the period by £ 4,946 million. Retail deposits increased £ 2,637 million in the period, driven by net inflows to limited withdrawal and fixed term deposits alongside higher current account balances. Commercial Banking deposits were up £ 2,261 million in the quarter, aided by short term balances. Financial liabilities at fair value through profit or loss increased by £ 2,428 million to £ 30,039 million at 31 March 2025 due to increased repurchase agreements. Derivative financial liabilities decreased by £ 3,317 million to £ 18,359 million as a result of market movements. Liabilities arising from insurance and investment contracts decreased by £ 3,332 million reflecting the decrease in policyholder investments. Other liabilities increased by £ 3,642 million reflecting increased settlement balances. Debt securities in issue reduced by £ 3,011 million, with higher levels of maturities in the period. Total equity increased to £ 47,800 million at 31 March 2025 (31 December 2024 : £ 45,888 million). The increase primarily reflected profit attributable to ordinary shareholders alongside unwind of the cash flow hedge reserve and issuance of an AT1 capital instrument in February 2025 . The Group has commenced the share buyback announced in February 2025, with c.0.3 billion shares repurchased as at 31 March 2025. Capital The Group’s common equity tier 1 (CET1) capital ratio reduced to 13.5% at 31 March 2025 (31 December 2024: 14.2% ). Banking business profits for the first three months of the year and the dividend received from the Group’s Insurance business were more than offset by the recognition of the full impact of the announced ordinary share buyback in respect of 2024, the accrual for foreseeable ordinary dividends and an increase in risk-weighted assets. The Group’s total capital ratio reduced to 18.4% at 31 March 2025 (31 December 2024: 19.0% ), reflecting the reduction in CET1 capital, a reduction in tier 2 capital