UK Bank Lloyds Sees Slower Consumer Lending

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006785-uk-bank-lloyds-sees-slower-consumer-lendi/

By Kabir Chibber, MarketWatch

British bank Lloyds TSB Group PLC said Monday consumer lending growth in the first half will rise by less than the double-digit growth rates of recent years due to slowing consumer spending.

The group, the fifth biggest bank in the U.K. by market capitalization, continues to expect revenue growth in excess of cost growth for the half-year to June 30.

“We are continuing to make progress against our objective to deliver sustained earnings growth, despite signs of a slowing consumer environment in the U.K.,” said Chief Executive Eric Daniels in an update ahead of a meeting with analysts.

For this complete story, please visit UK Bank Lloyds Sees Slower Consumer Lending.

UK Bank Lloyds Sees Slower Consumer Lending

Unknown Author

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