The lockdowns continued to weigh on the top-line performance, but the state’s supporting measures have proven so successful that the quarter enjoyed provision recoveries and the cost of risk is expected to almost fully normalise as soon as this year. However, 2021 will remain a transitory year as the top-line is expected to recover only progressively.
24 Feb 2021
Faster cost of risk normalisation
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Faster cost of risk normalisation
Lloyds Banking Group plc (LLOY:LON) | 51.7 0 0.0% | Mkt Cap: 32,921m
- Published:
24 Feb 2021 -
Author:
David Grinsztajn -
Pages:
2
The lockdowns continued to weigh on the top-line performance, but the state’s supporting measures have proven so successful that the quarter enjoyed provision recoveries and the cost of risk is expected to almost fully normalise as soon as this year. However, 2021 will remain a transitory year as the top-line is expected to recover only progressively.