TIDM68FF
RNS Number : 0627A
HBOS PLC
21 March 2017
21 March 2017
HBOS plc
Annual Report and Accounts for the year endED 31 December
2016
In accordance with Listing Rule 9.6.1, HBOS plc has submitted
today the above document to the National Storage Mechanism.
The document will shortly be available for inspection at
www.hemscott.com/nsm.do
In fulfilment of its obligations under section 6.3.5(1) of the
Disclosure and Transparency Rules, HBOS plc hereby releases the
unedited full text of its 2016 Annual Report and Accounts.
A copy of the document is also available through the 'Financial
Performance' page within the 'Investors & Performance' section
of the Lloyds Banking Group plc website at
www.lloydsbankinggroup.com
-END-
For further information:
Investor Relations
Douglas Radcliffe +44 (0)20 7356 1571
Group Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This Annual Report contains certain forward looking statements
with respect to the business, strategy and plans of the HBOS Group
and its current goals and expectations relating to its future
financial condition and performance. Statements that are not
historical facts, including statements about the HBOS Group's or
its directors' and/or management's beliefs and expectations, are
forward looking statements. Words such as 'believes',
'anticipates', 'estimates', 'expects', 'intends', 'aims',
'potential', 'will', 'would', 'could', 'considered', 'likely',
'estimate' and variations of these words and similar future or
conditional expressions are intended to identify forward looking
statements but are not the exclusive means of identifying such
statements. By their nature, forward looking statements involve
risk and uncertainty because they relate to events and depend upon
circumstances that will or may occur in the future.
Examples of such forward looking statements include, but are not
limited to: projections or expectations of the HBOS Group's future
financial position including profit attributable to shareholders,
provisions, economic profit, dividends, capital structure,
portfolios, net interest margin, capital ratios, liquidity,
risk-weighted assets (RWAs), expenditures or any other financial
items or ratios; litigation, regulatory and governmental
investigations; the HBOS Group's future financial performance; the
level and extent of future impairments and write-downs; statements
of plans, objectives or goals of the HBOS Group or its management
including in respect of statements about the future business and
economic environments in the UK and elsewhere including, but not
limited to, future trends in interest rates, foreign exchange
rates, credit and equity market levels and demographic
developments; statements about competition, regulation, disposals
and consolidation or technological developments in the financial
services industry; and statements of assumptions underlying such
statements.
Factors that could cause actual business, strategy, plans and/or
results (including but not limited to the payment of dividends) to
differ materially from the plans, objectives, expectations,
estimates and intentions expressed in such forward looking
statements made by the HBOS Group or on its behalf include, but are
not limited to: general economic and business conditions in the UK
and internationally; market related trends and developments;
fluctuations in interest rates (including low or negative rates),
exchange rates, stock markets and currencies; the ability to access
sufficient sources of capital, liquidity and funding when required;
changes to the HBOS Group's or Lloyds Banking Group plc's or Lloyds
Bank plc's credit ratings; the ability to derive cost savings and
other benefits including, but without limitation as a result of any
acquisitions, disposals and other strategic transactions; changing
customer behaviour including consumer spending, saving and
borrowing habits; changes to borrower or counterparty credit
quality; instability in the global financial markets, including
Eurozone instability, the exit by the UK from the European Union
(EU) and the potential for one or more other countries to exit the
EU or the Eurozone and the impact of any sovereign credit rating
downgrade or other sovereign financial issues; technological
changes and risks to cyber security; natural, pandemic and other
disasters, adverse weather and similar contingencies outside the
HBOS Group's or Lloyds Banking Group plc's or Lloyds Bank plc's
control; inadequate or failed internal or external processes or
systems; acts of war, other acts of hostility, terrorist acts and
responses to those acts, geopolitical, pandemic or other such
events; changes in laws, regulations, accounting standards or
taxation, including as a result of the exit by the UK from the EU,
or a further possible referendum on Scottish independence; changes
to regulatory capital or liquidity requirements and similar
contingencies outside the HBOS Group's or Lloyds Banking Group
plc's or Lloyds Bank plc's control; the policies, decisions and
actions of governmental or regulatory authorities or courts in the
UK, the EU, the US or elsewhere including the implementation and
interpretation of key legislation and regulation; the ability to
attract and retain senior management and other employees;
requirements or limitations on Lloyds Banking Group plc, Lloyds
Bank plc and the HBOS Group as a result of HM Treasury's investment
in Lloyds Banking Group plc; actions or omissions by the HBOS
Group's directors, management or employees including industrial
action; changes to the HBOS Group's post-retirement defined benefit
scheme obligations; the extent of any future impairment charges or
write-downs caused by, but not limited to, depressed asset
valuations, market disruptions and illiquid markets; the value and
effectiveness of any credit protection purchased by the HBOS Group;
the inability to hedge certain risks economically; the adequacy of
loss reserves; the actions of competitors, including non-bank
financial services, lending companies and digital innovators and
disruptive technologies; and exposure to regulatory or competition
scrutiny, legal, regulatory or competition proceedings,
investigations or complaints. Please refer to the latest Annual
Report on Form 20-F filed by Lloyds Banking Group plc with the US
Securities and Exchange Commission for a discussion of certain
factors together with examples of forward looking statements.
Lloyds Banking Group may also make or disclose written and/or
oral forward looking statements in reports filed with or furnished
to the US Securities and Exchange Commission, Lloyds Banking Group
annual reviews, half-year announcements, proxy statements, offering
circulars, prospectuses, press releases and other written materials
and in oral statements made by the directors, officers or employees
of Lloyds Banking Group to third parties, including financial
analysts. Except as required by any applicable law or regulation,
the forward looking statements contained in this Annual Report are
made as of the date hereof, and the HBOS Group expressly disclaims
any obligation or undertaking to release publicly any updates or
revisions to any forward looking statements contained in this
Annual Report to reflect any change in the HBOS Group's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
The information, statements and opinions contained in this
Annual Report do not constitute a public offer under any applicable
law or an offer to sell any securities or financial instruments or
any advice or recommendation with respect to such securities or
financial instruments.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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