Lloyds Banking Group became the latest big-name high street lender to beat profit forecasts today, in the finale of a strong reporting season for UK financial companies, which have shrugged off the crisis seen in the sector in the US and Europe.
The country’s biggest single mortgage lender, which has 26 million customers in total, reported profit before tax of £2.3 billon for the first quarter, up from £1.5 billion in the same period a year ago. It was higher than the £1.95 billion forecast by City experts.
