Lloyds Banking Group announced that it will return up to £4bn (€4.6bn) to shareholders as it reported a 13pc increase in profits. Lloyds Banking Group announced that it will return up to £4bn (€4.6bn) to shareholders as it reported a 13pc increase in profits. Lloyds Banking Group to return up to £4bn to shareholdersThe banking giant posted pre-tax profits of £5.96bn for 2018 compared with £5.28bn the previous year. Lloyds expects to increase return on tangible equity by 14pc-15pc this year with strong profits and lower charges as well as a net interest margin of about 2.9pc. Although the near-term outlook for the UK economy remains uncertain, our strategy continues to deliver for our customers.

Source: Irish Independent February 20, 2019 08:03 UTC