Company: LLOBF
Filing Date: 2025-07-24
Form Type: 6-K
Source: 0001160106-25-000034
Chunk: 5

Company: Lloyds Banking Group plc
Filing Date: 2025-07-24
Form: 6-K
Chunk 5
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 partly offset by repayments of government-backed lending. The growth in loans and advances to customers was partly offset by a £ 3,512 million reduction in reverse repurchase agreements, a £ 400 million reduction in loans and advances to banks and a £ 1,369 million reduction in debt securities. Financial assets held at fair value through profit or loss increased by £ 6,017 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 £ 1,122 million lower at £ 22,943 million (31 December 2024 : £ 24,065 million), driven by interest rate movements in the period. Financial assets at fair value through other comprehensive income of £ 33,888 million increased by £3,198 million in the period reflecting increases in liquid asset holdings. Other assets were £ 3,488 million lower , primarily reflecting the disposal of the Group’s bulk annuity business in the second quarter. Total liabilities were £ 11,602 million higher at £ 872,411 million (31 December 2024 : £ 860,809 million). Customer deposits of £ 493,932 million increased in the period by £ 11,187 million. Retail deposits increased £ 3,639 million in the period, driven by net inflows to limited withdrawal and fixed term deposits as a result of a strong performance throughout the ISA season . Commercial Banking deposits were up £ 7,572 million with targeted growth, alongside higher balances partly as a result of market uncertainty. Financial liabilities at fair value through profit or loss increased by £ 1,143 million to £ 28,754 million at 30 June 2025 due to increased repurchase agreements. Derivative financial liabilities decreased by £ 1,797 million to £ 19,879 million as a result of market movements. Liabilities arising from insurance and investment contracts increased by £ 3,945 million reflecting the increase in policyholder investments. Other liabilities decreased by £ 2,940 million and included the effects of the disposal of the Group’s bulk annuity business. Debt securities in issue reduced by £ 2,533 million, with higher levels of maturities in the period. Total equity of £ 46,871 million at 30 June 2025 increased from £ 45,888 million at 31 December 2024 . The movement reflected profit for the period, the