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Lloyds expects to beat lending profitability target

Q1 pre-tax profit before one-time items rises 21% to £2.2b

GOOD SET OF NUMBERS: The quarterly results bolster chief executive officer Antonio Horta-Osorio's efforts to return the bailed-out bank to full private ownership.


LLOYDS Banking Group plc, Britain's biggest mortgage lender, said it will exceed its lending profitability target after first-quarter earnings beat analyst estimates. The shares jumped the most in a year.

Pre-tax profit before one-time items rose 21 per cent to £2.2 billion

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