Company: LLOBF
Filing Date: 2025-02-20
Form Type: 6-K
Source: 0001654954-25-001688
Chunk: 39

Company: Lloyds Banking Group plc
Filing Date: 2025-02-20
Form: 6-K
Chunk 39
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| Ineligible AT1 and tier 2 instruments3                            |       -94 |     |      -139 |
| Amortised portion of eligible tier 2 instruments issued by Lloyds 
 Banking Group plc                                                 |       891 |     |     1,113 |
| Other eligible liabilities issued by Lloyds Banking Group         
 plc4                                                              |    28,675 |     |    25,492 |
| Total MREL resources                                              |    72,223 |     |    69,905 |
| Risk-weighted assets                                              |   224,632 |     |   219,130 |
| Common equity tier 1 capital ratio                                |     14.2% |     |     14.6% |
| Tier 1 capital ratio                                              |     16.6% |     |     17.2% |
| Total capital ratio                                               |     19.0% |     |     19.8% |
| MREL ratio                                                        |     32.2% |     |     31.9% |

1 Restated for presentational changes.

2 In accordance with banking capital regulations, the Group's Insurance business is excluded from the scope of the Group's capital position. The Group's investment in the equity and other capital instruments of the Insurance business are deducted from the relevant tier of capital ('Significant investments'), subject to threshold regulations that allow a portion of the equity investment to be risk-weighted rather than deducted from capital. The risk-weighted portion forms part of threshold risk-weighted assets.

3 Instruments not issued out of the holding company.

4 Includes senior unsecured debt.

CAPITAL RISK (continued)

#### Movements in CET1 capital resources
The key movements are set out in the table below.

| Common                                                
 equity tier 1                                         
 £m                                                    |        |
| At 31 December 2023                                   | 31,897 |
| Banking business profits1                             |  4,765 |
| Movement in foreseeable dividend accrual2             |   -107 |
| Dividends paid out on ordinary shares during the year | -1,828 |
| Adjustment to reflect full impact of share buyback    | -2,011 |
| Dividends received from the Insurance business3       |    450 |
| IFRS 9 transitional adjustment to retained earnings   |   -159 |
| Excess regulatory expected losses                     |   -270 |
| Redemption of other equity instruments                |