The quarter enjoyed the ongoing recovery in revenue margins and net provision releases further boosted by a portion of the announced tax gains. The question is not at what pace profitability will recover but instead at what pace will it normalise? In the meantime, the group is accumulating excess capital that will be returned to shareholders.
29 Jul 2021
Excess capital accumulation
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Excess capital accumulation
Lloyds Banking Group plc (LLOY:LON) | 50.9 0 (-0.2%) | Mkt Cap: 32,239m
- Published:
29 Jul 2021 -
Author:
David Grinsztajn -
Pages:
2
The quarter enjoyed the ongoing recovery in revenue margins and net provision releases further boosted by a portion of the announced tax gains. The question is not at what pace profitability will recover but instead at what pace will it normalise? In the meantime, the group is accumulating excess capital that will be returned to shareholders.