The current crisis is definitely unprecedented. Like most of its peers, not only did the group not make any extra provisions related to the pandemic but it released some provisions following an update to its macroeconomic scenario. The group also managed to mitigate the rate cut impact and generate 60bp of capital ahead of next year’s headwinds.
30 Oct 2020
Provision releases on macroeconomic scenario update
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Provision releases on macroeconomic scenario update
Lloyds Banking Group plc (LLOY:LON) | 50.9 0 (-0.2%) | Mkt Cap: 32,239m
- Published:
30 Oct 2020 -
Author:
David Grinsztajn -
Pages:
2
The current crisis is definitely unprecedented. Like most of its peers, not only did the group not make any extra provisions related to the pandemic but it released some provisions following an update to its macroeconomic scenario. The group also managed to mitigate the rate cut impact and generate 60bp of capital ahead of next year’s headwinds.