Britain’s Lloyds Banking Group (LLOY.L) on Thursday reported a pre-tax profit of 1.8 billion pounds in the third quarter, outperforming consensus analyst forecasts of 1.7 billion pounds.The bank’s pre-tax profit for the first nine months rose 10 percent year on year to 4.9 billion pounds, while costs fell 3 percent to 6.4 billion pounds. It reaffirmed all its guidance for 2018.
Lloyds, Britain’s biggest mortgage lender, also reported a common equity tier one capital ratio of 15.5 percent.
The bank also announced the planned retirement of Chief Financial Officer George Culmer, following its interim results in 2019.
