02:58 ET<\/span>
\n<\/span><\/p>\nLloyds Banking Group has returned to profit for the first time since it was bailed out by the government at the height of the financial crisis.<\/p>\n
It saw a pre-tax profit of \u00a32.21bn, compared with a \u00a36.3bn loss in 2009.<\/p>\n
A recovery in High Street banking offset rising bad debts in the Republic of Ireland, though its overall cost of bad loans fell from \u00a324bn to \u00a313bn.<\/p>\n
The group had already revealed outgoing chief executive Eric Daniels would receive a \u00a31.45m bonus.<\/p>\n
Mr Daniels said that 2010 had been an “important year, marking our return to profitability, and a further reduction in risk in our business”.<\/p>\n
“Our significant progress in the year has positioned the group well to become the best bank in the UK for all our stakeholders,” he added.<\/p>\n
The group added it had trimmed its bad debts thanks to the “slowly improving economic environment”, but warned its problems in the Irish Republic had worsened in the last three months of the year, with bad loans hitting \u00a34.3bn pounds from \u00a32.9bn in 2009.<\/p>\n
Lloyds, which is 41%-owned by the government, said its profit figures had been heavily adjusted to reflect the acquisition of HBOS – Halifax Bank of Scotland – in 2009.<\/p>\n<\/p><\/div>\n<\/p>\n
Originally posted here:
\nLloyds sees \u00a32.21bn annual profit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 25 February 2011 Last updated at 02:58 ET Lloyds Banking Group has returned to profit for the first time since it was bailed out by the government at the height of the financial crisis. It saw a pre-tax profit of \u00a32.21bn, compared with a \u00a36.3bn loss in 2009. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-281774","post","type-post","status-publish","format-standard"],"yoast_head":"\n
Lloyds sees \u00a32.21bn annual profit - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Lloyds sees \u00a32.21bn annual profit - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"25 February 2011 Last updated at 02:58 ET Lloyds Banking Group has returned to profit for the first time since it was bailed out by the government at the height of the financial crisis. It saw a pre-tax profit of \u00a32.21bn, compared with a \u00a36.3bn loss in 2009.\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Lloyds sees \u00a32.21bn annual profit\",\"datePublished\":\"2011-02-25T07:58:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\"},\"wordCount\":218,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\",\"name\":\"Lloyds sees \u00a32.21bn annual profit - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-02-25T07:58:25+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Lloyds sees \u00a32.21bn annual profit - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/","twitter_card":"summary_large_image","twitter_title":"Lloyds sees \u00a32.21bn annual profit - Ghanamma.com","twitter_description":"25 February 2011 Last updated at 02:58 ET Lloyds Banking Group has returned to profit for the first time since it was bailed out by the government at the height of the financial crisis. It saw a pre-tax profit of \u00a32.21bn, compared with a \u00a36.3bn loss in 2009.","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/"},"author":{"name":"","@id":""},"headline":"Lloyds sees \u00a32.21bn annual profit","datePublished":"2011-02-25T07:58:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/"},"wordCount":218,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/","url":"https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/","name":"Lloyds sees \u00a32.21bn annual profit - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-02-25T07:58:25+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/02\/25\/lloyds-sees-2-21bn-annual-profit\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/281774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=281774"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/281774\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=281774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=281774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=281774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}