Overview

• Lloyds Banking Group posted Q1 2025 pre-tax profits of £1.52 billion, a 7% decline from the same period in 2024.
• Operating expenses increased by 6% to £2.6 billion, driven by strategic investments and inflationary pressures.
• The bank reserved £309 million in impairment charges, with £100 million allocated to address risks from US tariff policies announced in April.
• Provisions for the ongoing motor finance mis-selling scandal stand at £1.2 billion as a Supreme Court ruling is awaited.
• Lloyds continues its strategic restructuring, including the closure of 27 branches in May and investments in digital modernization.