Lloyds reports £2.2bn profit

first_img whatsapp John Dunne whatsapp Lloyds Banking Group has announced its first annual profits since being bailed out by the Government during the financial crisis.The company, which is 41 per cent owned by the taxpayer, reported pre-tax profits of £2.2bn, compared with a £6.3bn loss in 2009.The bank’s bad debt losses were down in 2010 to £13bn, from £23bn the previous year.In Ireland bad loans rocketed to £4.3bn from £2.9bn in 2009.Lloyds also said loans to customers fell two per cent to £363.7bn.The company has already revealed its bonus plans, with outgoing chief executive Eric Daniels being awarded £1.45m for 2010. Lloyds reports £2.2bn profit Show Comments ▼ Tags: NULL Friday 25 February 2011 2:36 am Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Sharelast_img

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