Lloyds underlying profits rise to £2bn

Lloyds have announced underlying profits of £2bn for first three months of the year.

Lloyds says lending is up by £600 million too, an that its success is down to 'safer and simpler business'.

The bank says it is still expecting to float the branches they didn't sell to the Co-op in middle of next year .

It is also Interesting that Lloyds have revealed they still have 18 billion of liabilities in Greece, Ireland, Spain and Portugal - the bulk of that in Ireland.

And crucially for Lloyds no additional money is being put aside for PPI.

Click here to see the full figures www.lloydsbankinggroup.com

Advertisement

Today's top stories