The bank reported Thursday to intensify austerity in view of the harmful effects expected from the Brexit.
Lloyds deleted in this context ahead three thousand jobs added on top of the previously announced loss nine thousand jobs. Job losses related to the closure of some two hundred bank branches. The whole operation had a total savings of approximately 400 million pounds.
Lloyds booked in the first half of this year, a profit of 4.2 billion pounds. That was slightly less than the amount of 4.4 billion pounds that remained a year earlier, but predicted more than analysts expected.
Capital Position
Lloyds warned that Brexit capital position bank will hit this year, while a British exit from the EU could also put pressure on profitability in the coming years.
the uncertainty comes on top of the problems the persistently low interest rates and weak demand for loans long time for sure. The Brexit causes according to the bank in addition to the British interest even longer very low remains than previously assumed
Like other banks react Lloyds with closing branches also the increasing use of digital banking services, which customers much less likely to visit a bank branch. ” These are the tough decisions we have to take, ‘said chief executive Antonio Horta-Osorio in a note
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