Lloyd returns to profit thanks to lower depreciation
4th August 2010
Lloyds Banking Group, partly nationalized during the financial crisis, reported Wednesday a pretax profit of 1.603 billion pounds in the first half, down assets less bulky doped with his results.
During the same period last year, the bank had a loss of 3.96 billion pounds.
Impairment losses emerged at 6.554 billion pounds against 13.4 billion in the first six months of 2009.
Analysts polled by Thomson Reuters I / B / E / S expected a pretax profit of 694 million pounds.
"We expect to report a robust performance in the medium term since the British economy enjoys a gradual recovery," said Llodys in a statement.