Lloyds Banking Group has joined rivals in posting better-than-expected results for the first quarter, as rising interest rates helped profits rise 46%.
Pre-tax profits came in at £2.3bn for the three months to 31 March, up from £1.5bn a year earlier.
Lloyds took an impairment charge of £243m, up from £177m a year ago, despite a slightly improved economic outlook for the UK.
