British bank Lloyds says net profit rockets to £2.0bn
London
London - Arab Today
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Lloyds Banking Group announced soaring annual profits Wednesday on lower charges linked to an insurance scandal, as it awaits a full return to the private sector following a state bailout. Net profit surged by more than four times to £2.0 billion ($2.5 billion, 2.4 billion euros) in 2016 compared with net profit of £466 million a year earlier, LBG said in an earnings release. |
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