Why invest in Lloyds Banking Group?
Higher, more sustainable returns as we continue to Help Britain Prosper.
Lloyds Banking Group is a leading UK-focused financial services provider.
How we create value, and what sets us apart
We have a number of distinct competitive strengths that collectively differentiate our proposition.
Leading UK customer franchise with deep customer insight
More than 27 million customers, with extensive reach across the UK. Customer data and analysis ensures we can meet the needs of these customers more effectively.
Unique customer proposition
As a leading digital bank in the UK, we're serving all our customers’ banking, investment and insurance needs in one place through a comprehensive product range.
All-channel distribution focus with digital leadership and trusted brands
Operating through a range of distribution channels ensures our customers can interact with us when and how they want.
Operating at scale with cost discipline
Our scale and efficiency enable us to operate more effectively.
Focused and capital generative business model
Allowing significant investment while returning capital to shareholders.
Financial strength and disciplined risk management
Strong capital position. Continue to take a disciplined approach to risk, as reflected through the quality of our portfolio and underwriting criteria.
Dedicated colleagues with strong values
Highly engaged, customer focused, diverse workforce with significant expertise and experience.
Download our annual report to read more about our business model.
Purpose-driven strategy delivers for broader stakeholders
Building on our strong foundations and distinct competitive strengths, our purpose of Helping Britain Prosper forms the basis of our strategy to profitably deliver for all of our stakeholders.
![Our purpose: Helping Britain Prosper
Our strategic vision: UK customer-focused digital leader and integrated financial services provider, capitalising on new opportunities, at scale.
- Grow: Drive revenue growth and diversification
- Focus: Strengthen cost and capital efficiency
- Change: Maximise the potential of people, technology and data
[Leads to] Higher, more sustainable, returns and capital generation](/assets/images/investors/2022-full-year-results/strategy-infographic-2023-grey-background.jpg)
The Group has a progressive and sustainable ordinary dividend policy whilst maintaining the flexibility to return further surplus capital through buybacks or special dividends.
2024 half year results highlights
"In the first six months of 2024, the Group delivered robust financial results with solid income performance and cost discipline alongside strong capital generation."
Charlie Nunn, Group Chief Executive
£2.4bn
Statutory profit after tax
£3bn
Growth in each of lending and deposits
£8.4bn
Net income
13.5%
Return on tangible equity
1.06p
Interim dividend (15% up YoY)
14.1%
CET1 ratio
Confidence in 2024 and 2026 guidance
2024 guidance
- NIM >290bps
- Operating costs c.£9.3bn plus c.£0.1bn BoE levy
- AQR <30bps
- RoTE c.13%
- RWAs £220-£225bn
- Capital generation c.175bps1
- Expect to pay down to a CET1 ratio of c.13.5%
2026 guidance
- Cost:income <50%
- RoTE >15%
- Capital generation >200bps1
- Expect to pay down to a CET1 ratio of c.13.0%
Who we are
We're a leading UK-based financial services group with over 325 years' history and a unique family of household brands. Our purpose at Lloyds Banking Group is Helping Britain Prosper.
Related content
Annual report and accounts
Our annual report provides disclosures relating to our strategic, financial, operational, environmental and social performance.
Environmental, social and governance
Core to our purpose and strategy is our focus on building a more inclusive society and supporting the transition to a low carbon economy.