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Evening Standard
Evening Standard
Alex Daniel

Lloyds boss gets nearly £2m pay rise amid profit slump and branch closures

Charlie Nunn, chief executive of Lloyds, took home £5.6 million in 2024 (Lucy North/PA) - (PA Archive)

The boss of Lloyds got a nearly £2 million pay bump last year, despite profit falling, high street branches closing and having to set aside £1.2 billion to cover potential costs from the motor finance saga.

Charlie Nunn took home £5.6 million in 2024, up from £3.7 million the previous year, boosted by long-term bonuses related to Lloyds’s share price rising.

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