The Lloyds Banking Group today announced a net profit of 3,820 million euros in the first nine months of the year, 12% less compared to the same period in 2024, due to the allocation of funds to deal with a vehicle financing scandal.
In a statement sent to the London Stock Exchange, the bank indicated that profit before tax fell by around 9% in this period, to 4,678 million pounds (5,379 million euros), while total revenues increased by 6%, to 14,252 million pounds (16,389 million euros).
The drop in profits corresponded to an £800 million (€920 million) provision to compensate customers for a scandal over fraudulent sales in car finance.
The cost-benefit ratio stood at 59.7% at the end of September, while the asset quality ratio was 0.18% and the loan-to-deposit ratio was 96% in that period.
Regarding the level of solvency, the CET1 capital ratio stood at 13.8%, the same as the previous comparative period.
The bank’s chief advisor, Charlie Nunn, said today that the institution continues to have “a good performance”, demonstrating “solid financial performance”, along with “strategic advances”.
“Solid capital generation was supported by revenue growth, cost discipline and solid asset quality in the first nine months of 2025, despite the impact of the additional charge for vehicle financing in the third quarter. Our strategic progress, combined with these financial results, gives us confidence in our revenue for the year and forecasts for 2026”, he added.