Full Year 2018 Lloyds Banking Group PLC Earnings and Strategic Update Call Transcript

Feb 20, 2019 / 09:30AM GMT
António Mota de Sousa Horta-Osório - Lloyds Banking Group plc - Group Chief Executive & Executive Director

Good morning, everybody. And thank you for joining us. I will go through the highlights for the year. Then Zak, our group Transformation Director, will update you on the significant progress that group has made in our Transformation programs, since we announced the third stage of our strategy a year ago, before George runs through the results in more detail. We'll then take questions at the end.

To begin, as the largest retail and commercial bank in the U.K., our success is intertwined with the prosperity of the U.K. We see this as a unique responsibility of the group. And as such, we have continued to meet our core purpose of helping Britain prosper. One, at present, we are operating in a period of uncertainty. Our support to the U.K. economy has been unwavering and will continue to be so, as demonstrated by our recent commitments to lend up to GBP 18 billion in 2019 to U.K businesses.

Moving on to discuss strategic and financial performance. We have made a

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