Risultati Lloyds
http://www.lloydsbankinggroup.com/media/pdfs/investors/2009/2009_LBG_Results.pdf
• Statutory profit before tax of £1,042 million (2008: £760 million) includes an £11,173 million acquisitionrelated
negative goodwill credit.
•
Combined businesses loss of £6,300 million for the year (2008: £6,713 million loss).
• Resilient core businesses performance despite year-on-year margin pressure and weak economy.
£35 billion of gross new mortgage lending, approximately 100,000 new commercial accounts.
• Total income, net of insurance claims, increased by 12 per cent to £23,964 million due to the absence of
£3.4 billion of mark to market losses on the Group’s treasury asset portfolio and gains of £1.5 billion on capital
transactions, which were partly offset by significant year-on-year margin pressures.
• Banking net interest margin improved to 1.83 per cent in the second half of the year, compared to
1.72 per cent in the first half.
• Integration ahead of schedule and cost synergies target increased to £2 billion run-rate by the end of
2011. Total cost synergies of £534 million have been realised during the year. Annualised run-rate savings
totalled £766 million at the year end.
• Total impairments significantly higher at £23,988 million for 2009. Second half impairments were
21 per cent lower than in the first half of 2009. We expect to see a similar pace of half yearly improvement
throughout 2010, with further substantial reductions in 2011 and beyond.
• Robust capital position and strengthened funding profile. Core tier one capital at 8.1 per cent following
the successful capital raising in December 2009. Wholesale funding maturing in more than one year increased
from 44 per cent to 50 per cent.
• Outlook: economy showing signs of stabilisation, with weak upturn expected in 2010. Significant
improvement in the performance of our continuing businesses expected in 2010.
• Medium-term goals reflect economic outlook and significant opportunity to leverage relationship-led
model across enlarged business base. High single-digit income growth from our continuing businesses
targeted within two years. Continued reduction in cost:income ratio. Further run-off of around £140 billion of
assets to reduce the balance sheet in the medium term and allow for investment in core relationship
businesses.
