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Lloyds profit surges by 52% as bank builds on recovery
Published Wed, Feb 21, 2018 · 09:50 PM
London
LLOYDS Banking Group on Wednesday said that its net profit soared 52 per cent last year, when the UK lender returned fully to the private sector following a state bailout.
LBG, which was financially rescued by the UK government following the height of the financial crisis a decade ago, said profit after tax jumped to £3.04 billion (S$5.6 billion) in 2017 from £2 billion a year earlier.
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