Economics / Finance. Lloyd’s earns more than 4,500 million as of June and returns dividends

Madrid, 29 years old (Europe Press)

Lloyds Banking Group reported a net profit of 3,865 million pounds (4.539 million euros) in the first half of 2021, in contrast to the 19 million pounds (22 million euros) result recorded in the same period in 2020, The Guardian reports. . The entity that redistributes the dividends.

In the first half of the year, Lloyd’s released 656 million pounds (770 million euros), compared to 3,818 million pounds (4484 million euros) it set aside for credit risk provisions in the first half of last year. Of this figure, 333 million pounds (391 million euros) represent the resources released in the second quarter of the year.

Lloyd’s sales in the first six months of the year amounted to 7,564 million pounds (8884 million euros), down 2% from the previous year, although net interest income fell 1%, to 5,418 million pounds (6363 million euros).

Between April and June, Lloyd’s made a net profit of 2,468 million pounds (2899 million euros), compared to losses of 461 million pounds (541 million euros) in the second quarter of last year, while the bank’s income increased by 12.7%, to 3.9 billion pounds. (4.58 billion euros).

For its part, the highest quality capital ratio in the first tier of the year was 16.7% at the end of the first half, compared to 16.2% at the end of December 2020.

Due to a strong capital position and clarification from the regulator so that banks can resume capital distributions, Lloyds’ board of directors announced a regular interim dividend of 0.67 pence per share, in line with its progressive and sustainable dividend policy.

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The pandemic continues to weigh heavily, said William Chalmers, the bank’s acting CEO, despite progress in vaccination and deregulation.

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