LONDON, Oct. 28, 2021 (GLOBE NEWSWIRE) REVIEW OF PERFORMANCE Income statement In the nine months to 30 September 2021, the Group recorded a profit before tax of £5,103 million compared
Lloyds Bank plc Q1 2021 Interim Management Statement
LONDON, April 28, 2021 (GLOBE NEWSWIRE)
REVIEW OF PERFORMANCE
Income statement
In the three months to 31 March 2021, the Group recorded a profit before tax of £1,768 million compared to £404 million in the same period in 2020, representing an increase of £1,364 million largely reflecting the improved economic outlook for the UK in the current quarter compared to the deterioration assumed in the first quarter of 2020. Profit after tax was £1,283 million.
Total income decreased by £258 million, or 7 per cent, to £3,644 million in the three months to 31 March 2021 compared to £3,902 million in the first three months of 2020; there was a decrease of £229 million in net interest income and £29 million a decrease in other income.
Lloyds Bank PLC: Lloyds Bank plc Q1 2021 Interim Management Statement
REVIEW OF PERFORMANCE
Income statement
In the three months to 31 March 2021, the Group recorded a profit before tax of £1,768 million compared to £404 million in the same period in 2020, representing an increase of £1,364 million largely reflecting the improved economic outlook for the UK in the current quarter compared to the deterioration assumed in the first quarter of 2020. Profit after tax was £1,283 million.
Total income decreased by £258 million, or 7 per cent, to £3,644 million in the three months to 31 March 2021 compared to £3,902 million in the first three months of 2020; there was a decrease of £229 million in net interest income and £29 million a decrease in other income.