LONDON, Feb 22 (Reuters) - Lloyds Banking Group reported flat annual profit for 2022 on Wednesday, as a jump in
income driven by higher interest rates was offset by mounting
bad loan provisions.
Britain's biggest mortgage lender reported pretax profit of
6.9 billion pounds ($8.4 billion), unchanged on the prior year
and in line with analyst forecasts compiled by the bank.
The bank announced it would pay a 1.6 pence per share final
dividend and a share buyback of up to 2 billion pounds, taking
total shareholder returns for 2022 up to 3.6 billion pounds.
The bank set aside 1.5 billion pounds to cover troubled
loans in 2022.
($1 = 0.8256 pounds)
(Reporting by Iain Withers and Lawrence White, Editing by
Sinead Cruise)
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