---
title: "Weekly Recap: H1 2024 net interest income +9% and £500m subordinated debt redemption"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296738894.md"
description: "Lloyds Banking Group reported H1 2024 net interest income rose 9% to £7.27bn, with total net income at £9.74bn and statutory post-tax profit exceeding £3.12bn. The bank also redeemed £500m of subordinated debt due in 2031."
datetime: "2026-08-24T05:14:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296738894.md)
  - [en](https://longbridge.com/en/news/296738894.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296738894.md)
generator: "portal-rs"
---

# Weekly Recap: H1 2024 net interest income +9% and £500m subordinated debt redemption

Lloyds Banking Group plc Sponsored ADR (LSE:LLOY) reported H1 2024 net interest income up 9% to £7.27bn and total net income £9.74bn with Q2 contributions, statutory post-tax profit above £3.12bn and lower impairments, while redeeming £500m of 1.985% subordinated debt due 2031.

**Previous Week Recap**

-   **Lloyds Banking Group plc Sponsored ADR Net Income Growth**: Lloyds Banking Group (LLOY) H1 2024: net interest income up 9% to £7.27bn, Q2 £3.7bn; total net income £9.74bn, Q2 £4.9bn; statutory profit after tax >£3.12bn; lower impairments. Invezz
-   **Lloyds Banking Group plc Sponsored ADR Debt Redemption**: Lloyds Banking Group (LLOY) redeemed £500m of 1.985% fixed-rate reset subordinated debt due 2031. Reuters

**Disclaimer**

This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**