HBOS plc releases 2024 Annual Report and Accounts

LONDON - HBOS plc has announced the submission of its Annual Report and Accounts for the year ended December 31, 2024, to the National Storage Mechanism today. The document, which provides a comprehensive overview of the company’s financial performance and strategic direction, will soon be available for public inspection.

The report details key financial metrics such as profit attributable to shareholders, provisions, dividends, and the company’s capital structure. It also addresses the Group’s environmental, social, and governance (ESG) targets and commitments, reflecting the company’s ongoing efforts to align its operations with broader societal goals.

Forward-looking statements within the report offer insights into HBOS’s expectations for its future financial position, including projections on net interest margin, capital ratios, liquidity, and risk-weighted assets (RWAs). These statements also encompass the Group’s plans and objectives for the upcoming year, touching upon potential challenges and opportunities that may impact the business.

The forward-looking information is based on current beliefs and expectations and is subject to various risks and uncertainties that could cause actual results to differ materially. Factors such as economic conditions, geopolitical events, market risks, changes in consumer behavior, regulatory changes, and operational risks, among others, are highlighted as potential influencers of the Group’s future performance.

HBOS’s report also acknowledges the uncertain global landscape, including the ongoing war between Russia and Ukraine, tensions in the Middle East, and the geopolitical situation between China and Taiwan. These factors, along with the potential for political instability and market volatility, are recognized as elements that could affect the Group’s operations and financial outcomes.

Investors and other stakeholders can access a copy of the Annual Report and Accounts through the ’Investors’ section of the Lloyds Banking Group (LON:LLOY)’s website. This release, made in accordance with DTR 4.1, is part of HBOS’s commitment to transparency and regulatory compliance.

The information in this article is based on a press release statement and has been presented to provide an unbiased account of HBOS plc’s annual financial reporting.

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