Lloyds closed the first nine months of the year with a loss of £3,86 billion. The main reason for the decline is revenues affected by lower bank margins and higher financing costs. For the last quarter under review the red amounted to £607 million.
The British banking group may have to postpone the achievement of some targets, due to the turbulence that the economy is going through, but nevertheless confirmed the guidance on margins for the full year, estimating it at 2,05%, in line with that of the third quarter.
Lloyds is 41% owned by the British government following its bailout in 2008, in full crisis
financial. In the first six months of the year the bank had made a loss of £3,25 billion.
Lloyds' direct exposure to Italy's sovereign debt at the end of September stood at £52m. At the opening of the Stock Exchange, Lloyds shares rose by 6,2%.
