Lloyds Banking Group Announces Improved NIM Guidance

Mani

Published onAugust 1, 2013

Updated on May 13, 2021

The Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY)’s second-quarter profit more than doubled, as the bank set to increase profitability before the government’s potential sale of its stake.

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Andrew Coombs and team at Citi Research feel the bank’s underlying 2Q 13 PBT £1,423 million showed 31 percent increase quarter-on-quarter driven by better net interest income and lower impairments.

Strong NIM

Citi analysts note Lloyds Banking Group PLC (ADR) (NYSE:LYG) (LON:LLOY)’ net interest margin of 2.06 percent shows 10 basis points increase on quarter-on-quarter basis, besides being 7 bp higher as compared to Citi’s...

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Lloyds Banking Group Announces Improved NIM Guidance

Strong NIM

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