Bitcoin price today: climbs to $111k amid easing trade jitters, cooling inflation
LONDON - Lloyds Bank plc reported a statutory profit before tax of £3.78 billion for the first nine months of 2025, down 4% compared to the same period last year, according to a press release statement issued Thursday.
The bank’s total income rose 8% to £13.65 billion, with net interest income increasing 6% to £9.92 billion, driven by higher average interest-earning assets and improved margins. Other income grew 15% to £3.73 billion, reflecting growth in the UK Motor Finance business.
Operating expenses increased 10% to £9.25 billion, partly due to a significant remediation charge related to motor finance commission arrangements. The bank recognized an £800 million charge in the third quarter for this issue, bringing the total provision to £1.95 billion.
"The FCA published a consultation on an industry wide motor finance redress scheme on October 7, 2025," the bank stated, noting that the regulator’s proposals are "at the adverse end of the Group’s range of expected outcomes."
The impairment charge more than doubled to £617 million from £294 million in the same period last year, which had benefited from improvements in the bank’s economic outlook.
Total assets increased to £630.8 billion as of September 30, up from £611.2 billion at the end of 2024. Customer deposits grew by £12.9 billion to £464.7 billion, with increases in both retail and commercial banking segments.
The bank’s common equity tier 1 capital ratio slightly decreased to 13.6% from 13.7% at the end of 2024, while risk-weighted assets increased by £3.6 billion to £190.6 billion.
This financial information is based on Lloyds Bank’s Q3 2025 Interim Management Statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.