Bank of Scotland owner Lloyds Banking Group has become the latest lender to post a bumper annual profit and reveal a return to bonuses - despite a hit from fraud costs.
The group reported pre-tax profits surging to £6.9bn in 2021, up from £1.2bn the previous year, boosted by a £1.2bn credit from provisions for bad debts, having set aside £4.2bn the previous year.
Lloyds also benefited from a boom in lending demand, as its mortgage book jumped £16bn higher to £293.3bn last year.
