Confirms FY guidance (Il Sole 24 Ore Radiocor) - London, 25 Jul - Lloyds reaffirmed its full-year guidance.

The bank expects a banking net interest margin of greater than 290 basis points and operating costs of about 9.4 billion pounds including the 0.1 billion pound Bank of England levy.

It expects a return on tangible equity of about 13% and plans to pay down to a CET1 ratio of around 13.5%.

The group also maintained its medium-term guidance for 2026.

It expects a cost/income ratio of less than 50%, a return on tangible equity of greater than 15%, a capital generation of greater than 200 basis points and to pay down to a CET1 ratio of around 13%.

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(RADIOCOR) 25-07-24 10:54:31 (0297) 5 NNNN