Business Recorder - Business & Finance - Money & Banking https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 22:48:43 +0500 Thu, 13 Aug 2026 22:48:43 +0500 60 British bank Lloyds posts 2010 pre-tax profit of £2.212 billion https://www.brecorder.com/news/4574/british-bank-lloyds-posts-2010-pre-tax-profit-of-p2212-billion <p class="MsoPlainText"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/pics2010/lloyds_bank.2.jpg" width="400" height="261" />LONDON: Britain's state-rescued bank Lloyds on Friday posted annual pre-tax profits of £2.212 billion (2.582 billion euros, $3.572 billion), slashing bad debts as it recovered from a steep loss.</p> <p class="MsoPlainText">Lloyds Banking Group said in a results statement that its 2010 earnings compared with a sharp pre-tax shortfall of 6.3 billion pounds in 2009. The group added that provisions for bad debts sank 45 percent to £13.181 billion.</p> <p><center><b><i>Copyright AFP (Agence France-Presse), 2011</i></b><i></i></center></p> LONDON: Britain's state-rescued bank Lloyds on Friday posted annual pre-tax profits of £2.212 billion (2.582 billion euros, $3.572 billion), slashing bad debts as it recovered from a steep loss.

Lloyds Banking Group said in a results statement that its 2010 earnings compared with a sharp pre-tax shortfall of 6.3 billion pounds in 2009. The group added that provisions for bad debts sank 45 percent to £13.181 billion.

Copyright AFP (Agence France-Presse), 2011

]]> Business & Finance https://www.brecorder.com/news/4574 Fri, 25 Feb 2011 09:21:23 +0500 none@none.com (Muhammad Iqbal)