Lloyds Bank profits nosedive 95%

Lloyds Bank profits nosedive 95%

Lloyds Bank Pre-Tax Profit dipped 95% to £74m, down from £1.6bn in the same period last year. This was on back of a massive £1.4bn impairment charge. Net income stood at £4bn, down from £4.4bn in the same period last year. PAT fell 60% to £480m. The bank has lent ~£410m to some 3,000 small businesses as part of the government’s Coronavirus Business Interruption Loan Scheme (CBILS).

Milan
Milan
Matthew Versaggi
Matthew Versaggi 0 months

My heart bleeds....

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