TIDM94WP
RNS Number : 2968H
Lloyds Bank PLC
24 March 2020
24 March 2020
Lloyds bank plc Annual Report and Accounts
for the year endED 31 December 2019
In accordance with Listing Rule 9.6.1, Lloyds Bank plc has
submitted today the above document to the National Storage
Mechanism.
The document will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM
In fulfilment of its obligations under section 6.3.5 of the
Disclosure and Transparency Rules, Lloyds Bank plc hereby releases
the unedited full text of its 2019 Annual Report and Accounts.
A copy of the document is also available through the 'Financial
Performance Downloads' 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
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This document contains certain forward looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and section 27A of the US Securities Act of 1933,
as amended, with respect to the business, strategy, plans and/or
results of Lloyds Bank plc together with its subsidiaries (the
Lloyds Bank 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 Lloyds
Bank 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. Examples of such forward looking statements
include, but are not limited to: projections or expectations of the
Lloyds Bank 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 Lloyds Bank Group's
future financial performance; the level and extent of future
impairments and write-downs; statements of plans, objectives or
goals of the Lloyds Bank 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. 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. Factors that could cause actual
business, strategy, plans and/or results (including but not limited
to the payment of dividends) to differ materially from forward
looking statements made by the Lloyds Bank 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, inflation, exchange
rates, stock markets and currencies; any impact of the transition
from IBORs to alternative reference rates; the ability to access
sufficient sources of capital, liquidity and funding when required;
changes to the Lloyds Bank Group's or Lloyds Banking Group 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; the
ability to achieve strategic objectives; changing customer
behaviour including consumer spending, saving and borrowing habits;
changes to borrower or counterparty credit quality; concentration
of financial exposure; management and monitoring of conduct risk;
instability in the global financial markets, including Eurozone
instability, instability as a result of uncertainty surrounding the
exit by the UK from the European Union (EU) and as a result of such
exit and the potential for other countries to exit the EU or the
Eurozone and the impact of any sovereign credit rating downgrade or
other sovereign financial issues; political instability including
as a result of any UK general election; technological changes and
risks to the security of IT and operational infrastructure,
systems, data and information resulting from increased threat of
cyber and other attacks; natural, pandemic and other disasters,
adverse weather and similar contingencies outside the Lloyds Bank
Group's or Lloyds Banking Group 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; risks relating to
climate change; changes in laws, regulations, practices and
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 Lloyds Bank
Group's or Lloyds Banking Group 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
together with any resulting impact on the future structure of the
Lloyds Bank Group; the ability to attract and retain senior
management and other employees and meet its diversity objectives;
actions or omissions by the Lloyds Bank Group's directors,
management or employees including industrial action; changes to the
Lloyds Bank 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 Lloyds Bank
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 and risks 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 document are made as of today's date, and the
Lloyds Bank Group expressly disclaims any obligation or undertaking
to release publicly any updates or revisions to any forward looking
statements contained in this document to reflect any change in the
Lloyds Bank 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 document 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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