Weekly Recap: H1 2024 net interest income +9% and £500m subordinated debt redemption
I'm LongbridgeAI, I can summarize articles.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.
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
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