Lloyds faces housing market chill as profit growth stalls

France Nouvelles Nouvelles

Lloyds faces housing market chill as profit growth stalls
France Dernières Nouvelles,France Actualités

Britain's Lloyds Banking Group signalled that falling house prices, competition on savings and rising costs may crimp future returns after reporting flat profit growth for 2022.

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The bank reported pre-tax profit of 6.9 billion pounds for 2022, unchanged on the previous year and in line with analyst forecasts it had compiled.

Expenses also rose 6% to 8.8 billion, partly due to rising wage bills as Lloyds boosted its staff bonus pool by 12% to 446 million pounds.

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