Bank hails ‘landmark year’ as it reports 24% rise in profits and return to strong capital position
Lloyds Banking Group posted sharply higher profits for 2017 and announced plans to return £1bn to shareholders after a “landmark year” that saw the high street lender return to private ownership after its taxpayer bailout in 2008.
The bank reported a 24% increase in pre-tax profit to £5.3bn last year, and said its strong capital position would allow the £1bn share buyback, worth up to 1.4p per share.
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