© Reuters. A man enters a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett LLOY -0.83% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to:
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LONDON (Reuters) - Lloyds Banking Group (LON:LLOY) reported a 57% jump in annual profit for 2023 on Thursday, as Britain's faltering economy and a charge for potential costs from a regulatory review into motor finance failed to put a major dent in its performance.
Lloyds reported pre-tax profit of 7.5 billion pounds ($9.5 billion) for the 12-month period, up 57% on 4.8 billion pounds the prior year and slightly above the 7.4 billion pounds average of analyst forecasts compiled by the bank.
The group - which also spans the Halifax, Bank of Scotland and Scottish Widows brands - announced a final dividend of 1.84 pence and a share buyback of 2 billion pounds.
($1 = 0.7907 pounds)
Lloyds profit jumps, sets aside 450 million pounds for motor finance review
