7/29, 8:05 AM (Source: TeleTrader)
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Lloyds posts £3.9 billion net income in Q2

Lloyds Banking Group plc reported on Thursday a net income of £3.9 billion in the second quarter of the year, which increased more than 12% on an annual basis. The British bank also registered an underlying profit of £1.99 billion, which comes after a loss of £839 million a year ago.

"During the first six months of 2021, the Group has delivered a solid financial performance with continued business momentum, bolstered by an improved macroeconomic outlook for the UK. While we are seeing clear progress in the vaccine rollout and emergence from lockdown restrictions, the coronavirus pandemic continues to have a significant impact on the people, businesses and communities of the UK," CEO William Chalmers noted.

Commenting on the outlook, Lloyds upgraded its full-year guidance for 2021.

Breaking the News / ND