27 February
2025
HBOS PLC ANNUAL REPORT AND
ACCOUNTS
FOR THE YEAR ENDED 31
DECEMBER 2024
HBOS plc announces that the
following document will be submitted today to the National Storage
Mechanism and will shortly be available for inspection in unedited
full text at
https://data.fca.org.uk/#/nsm/nationalstoragemechanism
·
Annual Report and Accounts 2024
A copy of the document is also
available through the 'Investors' section
of our website www.lloydsbankinggroup.com
This announcement is made in
accordance with DTR 4.1.
-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 HBOS plc together with
its subsidiaries (the Group) and its current goals and
expectations. Statements that are not historical or current facts,
including statements about the Group's or its directors' and/or
management's beliefs and expectations, are forward-looking
statements. Words such as, without limitation, 'believes',
'achieves', 'anticipates', 'estimates', 'expects', 'targets',
'should', 'intends', 'aims', 'projects', 'plans', 'potential',
'will', 'would', 'could', 'considered', 'likely', 'may', 'seek',
'estimate', 'probability', 'goal', 'objective', 'deliver',
'endeavour', 'prospects', 'optimistic' and similar expressions or
variations on these expressions are intended to identify
forward-looking statements. These statements concern or may affect
future matters, including but not limited to: projections or
expectations of the 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 Group's future
financial performance; the level and extent of future impairments
and write-downs; the Group's ESG targets and/or commitments;
statements of plans, objectives or goals of the Group or its
management and other statements that are not historical fact 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, targets, plans and/or results (including but
not limited to the payment of dividends) to differ materially from
forward-looking statements include, but are not limited to: general
economic and business conditions in the UK and internationally
(including in relation to tariffs); acts of hostility or terrorism
and responses to those acts, or other such events; geopolitical
unpredictability; the war between Russia and Ukraine; the conflicts
in the Middle East; the tensions between China and Taiwan;
political instability including as a result of any UK general
election; market related risks, trends and developments; changes in
client and consumer behaviour and demand; exposure to counterparty
risk; the ability to access sufficient sources of capital,
liquidity and funding when required; changes to the Group's credit
ratings; fluctuations in interest rates, inflation, exchange rates,
stock markets and currencies; volatility in credit markets;
volatility in the price of the Group's securities; natural pandemic
and other disasters; risks concerning borrower and counterparty
credit quality; risks affecting defined benefit pension schemes;
changes in laws, regulations, practices and accounting standards or
taxation; changes to regulatory capital or liquidity requirements
and similar contingencies; the policies and actions of governmental
or regulatory authorities or courts together with any resulting
impact on the future structure of the Group; risks associated with
the Group's compliance with a wide range of laws and regulations;
assessment related to resolution planning requirements; risks
related to regulatory actions which may be taken in the event of a
bank or Group failure; exposure to legal, regulatory or competition
proceedings, investigations or complaints; failure to comply with
anti-money laundering, counter terrorist financing, anti-bribery
and sanctions regulations; failure to prevent or detect any illegal
or improper activities; operational risks including risks as a
result of the failure of third party suppliers; conduct risk;
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; technological
failure; inadequate or failed internal or external processes or
systems; risks relating to ESG matters, such as climate change (and
achieving climate change ambitions) and decarbonisation, including
the Group's ability along with the government and other
stakeholders to measure, manage and mitigate the impacts of climate
change effectively, and human rights issues; the impact of
competitive conditions; failure to attract, retain and develop high
calibre talent; the ability to achieve strategic objectives; the
ability to derive cost savings and other benefits including, but
without limitation, as a result of any acquisitions, disposals and
other strategic transactions; inability to capture accurately the
expected value from acquisitions; and assumptions and estimates
that form the basis of the Group's financial statements. A number
of these influences and factors are beyond the Group's control.
Please refer to the latest Annual Report on Form 20-F filed by
Lloyds Banking Group plc with the US Securities and Exchange
Commission (the SEC), which is available on the SEC's website at
www.sec.gov, for a discussion of certain factors and risks. Lloyds
Banking Group plc may also make or disclose written and/or oral
forward-looking statements in other written materials and in oral
statements made by the directors, officers or employees of Lloyds
Banking Group plc 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 Group expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained in this document whether as a
result of new information, future events or otherwise. 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.
