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What is Lloyds Q1 2015 Financial Overview about?

Lloyds Banking Group reported strong financial results for Q1 2015, with underlying profit up 21% year-over-year to £2.178 billion. Total income was up 3% to £4.644 billion driven by a 7% increase in net interest income and improved net interest margin. Total costs were flat year-over-year despite increased investment, and the impairment charge was down 59% leading to a 37% rise in pre-tax profit before the TSB sale. The TSB sale resulted in a loss of £660 million. Financial strength also improved with high

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saxobob

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EN