London: Lloyds Banking Group on Wednesday reported third-quarter profits largely unchanged from a year ago, confounding initial expectations of a sharp squeeze on earnings caused by Britain’s surprise vote to quit the European Union (EU). Underlying pretax profits were £1.9 billion ($2.31 billion, Dh8.5 billion), slightly under the £1.97 billion booked in the corresponding period a year ago. Rescued in a £20.5 billion taxpayer bailout during the financial crisis, Lloyds is the first major British bank to report results that fully capture the period after the referendum results.
Lloyds Banking Group posts 1.9b pounds Q3 pretax profit despite Brexit headwinds
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