Bank hails landmark year’ as it reports 24% rise in profits and return to strong capital positionLloyds Banking Group posted sharply higher profits for 2017 and will hand £1bn to shareholders after a “landmark year” that saw the tall street lender return to private ownership after its taxpayer bailout in 2008.
The bank reported a 24% increase in pre-tax profit to £5.3bn last year,and said its strong capital position would allow the £1bn share buyback, worth up to 1.4p per share.
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Source: guardian.co.uk