LYG News & Events

The Group reiterates its guidance: Underlying net interest income now expected to be greater than GBP 14.9 billion; Cost:income ratio of less than 50%; Asset quality ratio of c.25 basis points; Return on tangible equity of greater than 16%; Capital generation of greater than 200 basis points; To pay down to a CET1 ratio of c.13.0%

Reports Q1 underlying net interest income GBP 3.569B vs GBP 3.294B last year. "In the first quarter of 2026, the Group delivered sustained strength in financial performance, growing our income, maintaining our cost discipline and delivering strong profitability. Our differentiated business model remains resilient in the context of the current economic uncertainties. We remain focused on supporting UK households and businesses as they look to strengthen their financial positions and achieve their goals. We are building strategic momentum during the final year of our current plan, providing innovative ways for our customers to manage their financial needs and achieve their financial aspirations. We are confident in our delivery for the year ahead and reiterate our guidance for 2026. We look forward to presenting our new strategy alongside the half-year results," Charlie Nunn, Group Chief Executive, said.