Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 12

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 12
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’ for a digital trade transaction, by Global Trade Review • Scaled transition loans for buildings to mid corporate customers, supporting businesses transition to net zero, lowering energy costs and improving long-term resilience • Awarded ‘Best Omni-Channel Payment Acceptance’ 1 , highlighting the value, differentiation, and quality of the experience that the merchant service proposition offers to clients • Launched Exchange Market, a new finance model incentivising farmers to prioritise environmental outcomes in their business through funding provided by the supply chain • Delivered £16.1bn 2 of sustainable financing towards 2026 £30 billion target. Supported the UK’s initial three major carbon capture projects • Awarded Real Estate Capital Europe’s Sustainable Finance Provider of the Year for the third year in a row • Increased market share year-on-year in Structured Finance by 8 percentage points and UK issuer Debt Capital Markets issuance by 3 percentage points 3 • Launched a market-leading foreign exchange client algorithmic solution. Delivered a 17% year-on-year increase in foreign exchange volumes • First tokenised collateral transfer on public blockchain in the UK, paving the way for digitised collateral Financial performance • Underlying net interest income of £ 1,766 million, up 4% on the prior year, reflecting strong portfolio management across both assets and liabilities within the lower rate environment • Underlying other income decreased 2% to £ 926 million, with higher transaction banking income more than offset by lower loan markets activity • Operating costs up 3% reflecting inflationary pressures, strategic investment as a result of planned higher severance front-loaded into the first quarter of 2025 and business growth costs, partly offset by cost savings. Zero net remediation charge • Underlying impairment charge of £ 100 million, higher than prior year, reflecting higher Stage 3 charges and modest deterioration in the economic outlook • Customer lending 1% higher at £ 88.8 billion reflecting growth in Institutional balances alongside growth in securitised products, partially offset by foreign exchange movements and government-backed lending repayments within Business and Commercial Banking. Business and Commercial Banking balances grew in the year excluding government-backed lending repayments • Customer deposits 5% higher at £ 170.2 billion, with growth in targeted sectors and higher balances partly as a result of market uncertainty • Risk-weighted assets 4% higher at £ 76.6 billion, reflecting lending growth in Corporate and Institutional Banking partially offset by optimisation activity 1 Merchant Payments Ecosystem 2025 event in Berlin. 2 In