Lloyds Banking Group has unveiled a higher-than-expected profit for the first half of 2025, as the bank benefited from a jump in lending and savings balances.
00:00Hello, I'm Greg Wright of the Yorkshire Post. Lloyds Banking Group has unveiled a higher than expected profit the first half of 2025, as a bank benefited from a jump in lending and savings balances.
00:16The group, which incorporates Lloyds Bank, Halifax and Bank of Scotland, reported a pre-tax profit of £3.5 billion for the first six months of the year, which is 5% higher than a year ago.
00:31Earnings for the first half also came in ahead of the £3.2 billion analysts had expected.
00:38Lloyds said lending to customers increased by 3% over the period, while customer deposits grew by 2%.
