British banking giant Lloyds Banking Group’s retail banking arm has registered an underlying profit of £1.84bn for the first half of 2015, an increase of 8% from £1.71bn a year earlier.
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The division’s net interest income was £3.74bn, a 7% increase compared to net interest income of £3.49bn posted in the prior year. Total income increased 3% to £4.30bn, compared to £4.19bn a year earlier.
At 30 June 2015, customer deposits at the unit were £278.2bn, while loans and advances to customers were £312.9bn. Risk-weighted assets stood at £65.9bn.
Overall, the bank’s underlying profit for the first half of 2015 was £4.38bn, a 15% increase compared to £3.82bn a year ago.
Lloyds Banking Group CEO António Horta-Osório said: "Today’s results demonstrate the strong progress we have made in the first half of the year. The improvement in our profitability and capital position has enabled the Group to announce an interim dividend payment of 0.75 pence per share to our shareholders.
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By GlobalData"We remain focused on our aim to become the best bank for customers and shareholders while at the same time supporting the UK economy."
