Lloyds Banking Group is a leading UK-focused financial services provider.


Continuing to deliver against our strategic objectives, transforming the business to create higher and more sustainable value.


Delivering a robust financial performance, in line with expectations. Our performance provides confidence in delivery of financial guidance.


Strong returns with progressive and sustainable ordinary dividend. Aiming to deliver higher, more sustainable returns and capital generation.

How we create value, and what sets us apart

We have a number of distinct competitive strengths that collectively differentiate our proposition.

Download our annual report to read more about our business model.

2023 annual report

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.

The Group has a progressive and sustainable ordinary dividend policy whilst maintaining the flexibility to return further surplus capital through buybacks or special dividends.

Graph one shows a dividend increase of 38% between 2021 and 2023.

Graph two shows a shareholder distributions increase of 12% between 2021 and 2023.

Robust financial performance in the first quarter of 2024

"The Group continued to deliver in line with expectations in the first quarter of 2024, with solid net income, cost discipline and strong asset quality. Our performance provides us with further confidence around our strategic ambitions and 2024 and 2026 guidance."

Charlie Nunn, Group Chief Executive



Statutory profit after tax


Net income


Operating costs


Return on tangible equity


Tangible net asset value per share


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. 

Annual report highlights

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.

ESG at Lloyds Banking Group