Lloyds Banking reaffirms 2024 guidance

The company said, “Based on our current macroeconomic assumptions, for 2024 the Group continues to expect: Banking net interest margin of greater than 290 basis points; Operating costs of c.GBP 9.4 billion including the c.GBP 0.1 billion Bank of England Levy; Asset quality ratio now expected to be less than 20 basis points; Return on tangible equity of c.13 per cent; Capital generation of c.175 basis points; Risk-weighted assets between GBP 220 billion and GBP 225 billion; To pay down to a CET1 ratio of c.13.5 per cent.”