![]() ![]() To mitigate this, we proactively contacted over 200,000 customers, most affected to offer additional support. Increasing mortgage rates are a notable area where customers across the industry are experiencing challenges. We’re playing our part to provide proactive and targeted support for customers through a period of increased uncertainty, whilst ensuring we provide good and fair outcome for all. On slide four, I’d now like to highlight how we’ve delivered for our customers and other stakeholders in the first half. economy and continue to deliver for our shareholders. Regardless of future uncertainties, we are well placed to support our customers, safeguard deposits, support the U.K. And finally, as we look ahead, our capital position and financial strength, together with our prudent approach to risk positions us well. Our performance in other income in the first half shows positive business momentum and is an example of the progress we’re making. This is despite a more challenging environment, and as a result, slower growth in AIEAs. We remain on track to deliver the strategic benefits we laid out in February of last year for both 20. Thirdly, we’re making good progress on delivering our strategy. As you’ll hear later in the presentation, we’ve either reconfirmed or slightly enhanced our guidance for 2023. However, the Group is performing well and our financial performance remains robust. This is due to the continued low margins on mortgages, as well as passing on more to our savings customers. Secondly, in line with our guidance, our Q2 profits and net interest margin have stepped down versus our first quarter. I’ll discuss specific actions we’ll be taken shortly. To this end, we once again stepped up our support for customers, especially for those most in need. Against this backdrop, I’d like to take away four key points from the presentation today.įirstly, uncertainty for our customers has increased given the changes in the external environment. The external environment continues to change significantly with persistently high inflation and higher-than-anticipated interest rates. And following a brief summary, we’ll take your questions. William will then provide the usual detail on our financials. I’ll also highlight some of the actions that we’re taking to support customers given the ongoing changes in the macroeconomic environment. I’ll begin with a short overview of the Group’s financial and strategic performance. Another dynamic media morning for us to do our results. And thank you for joining our 2023 half year results presentation. ![]() Please go ahead.Ĭharlie Nunn: Thank you, and good morning, everyone. Please note, this call is scheduled for 90 minutes and is being recorded. There will be presentations from Charlie Nunn and William Chalmers followed by a question-and-answer session. At this time, all participants are in a listen-only mode. And welcome to the Lloyds Banking Group 2023 Half Year Results Call. Reported EPS is $0.11, expectations were $0.09. Lloyds Banking Group plc beats earnings expectations. Lloyds Banking Group plc (NYSE: LYG) Q2 2023 Earnings Call Transcript July 26, 2023 ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |