Lloyds preparing return to hybrid payments in 2012
Lloyds Banking Group still expects to resume coupon payments on hybrids in January, despite this week saying it may have to delay medium term financial targets to beyond 2014, if weak economic conditions persist.
Lloyds, posted a profit before tax for the third quarter of £644m. That included a £97m benefit from unwinding acquisition-related fair value adjustments, and was a slight fall from the £885m pre-tax profit posted for the same period last year.
It intends to start repaying coupons and dividends
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