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The Independent UK
The Independent UK
Business
Holly Williams

Lloyds set to see annual profits rise despite motor finance hit

Lloyds Banking Group will be first out of the stalls with its annual results on Thursday (Alamy/PA) - (Alamy/PA)

Lloyds Banking Group will be first out of the stalls with its annual results on Thursday and is expected to reveal higher profits despite another hefty hit for motor finance compensation.

In October, the high street lender reported a 36% slump in third quarter profits after booking an extra £800 million charge to compensate customers unfairly sold a car loan.

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