Corona Capital: Lloyds, SoftBank, Reckitt | Reuters


Lloyds Banking Group’s first-quarter earnings report, unveiled on Thursday by Chief Executive Antonio Horta-Osorio, was a tale of two numbers: a 1.4 billion pound impairment charge for bad debt, and a bumper 14.2% common equity Tier 1 capital ratio. The loan-loss figure was higher than expected, but much lower as a proportion of loans than peer Barclays.

The capital ratio, meanwhile, represented a 45-basis point jump from the level at the end of 2019.

Source: Breakingviews – Corona Capital: Lloyds, SoftBank, Reckitt – Reuters

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