Company: LLOBF
Filing Date: 2025-10-23
Form Type: 6-K
Source: 0001160106-25-000041
Chunk: 5

Company: Lloyds Banking Group plc
Filing Date: 2025-10-23
Form: 6-K
Chunk 5
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 strong in the first nine months of 2025. The impairment charge was £ 619 million, up from £ 272 million in the nine months to 30 September 2024 which benefitted from a large credit from improvements in the Group’s economic outlook. In Commercial Banking, higher charges in the first half of the year driven by a small number of individual cases were offset by lower expected losses given observed resilient performance and improved loss expectations for accounts in recoveries. Retail portfolios continued to perform strongly. Balance sheet As at 30 September 2025, total assets were £ 30,767 million higher at £ 937,464 million (31 December 2024 : £ 906,697 million). Financial assets at amortised cost were £ 16,022 million higher at £ 547,799 million (31 December 2024 : £ 531,777 million) supported by increases in loans and advances to customers. This included growth of £ 8,725 million in UK mortgages and growth across UK Retail unsecured loans, credit cards, UK Motor Finance and the European retail business totalling £ 6,542 million . Lending balances increased by £ 2,504 million in Commercial Banking, with higher Institutional balances alongside growth in securitised products, partially offset by repayments of government-backed lending. The growth in loans and advances to customers was partially offset by a £ 717 million reduction in loans and advances to banks and a £ 822 million reduction in debt securities. Financial assets held at fair value through profit or loss increased by £ 16,326 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 £ 5,003 million lower at £ 19,062 million (31 December 2024 : £ 24,065 million), driven by market movements in the period. Financial assets at fair value through other comprehensive income of £ 37,091 million increased by £6,401 million in the period reflecting increases in liquid asset holdings. Cash and balances at central banks reduced by £ 859 million to £ 61,846 million (31 December 2024: £ 62,705 million). Other assets were £ 2,120 million lower , primarily reflecting the disposal of the Group’s bulk annuity business in the second quarter partially offset by increased settlement balances. Total liabilities were £ 31,022 million higher at £ 891