Lloyds Banking Group PLC at Morgan Stanley European Financials Conference Transcript
Thank you, everybody, coming to this session with CEO of Lloyds, Charlie Nunn. As usual, we're going to open with a polling question. We'll put it on the screen.
Question is Lloyd's has updated its RoTE targets at 13% in '23, '24 and over 15% by 2026. What do you think stands out most about the business plan? Number one, the structural hedge and balance sheet structure delivered in a resilient NIM medium term; two, strategic initiatives, delivering additional revenue growth; three, cost discipline despite the inflationary environment; number four, resilience in asset quality share across portfolios; and number five, 175 to over 200 basis points capital generation guidance.
Well, it looks like the resilient NIM, but there's also a few other replies which I'm sure we will speak to. With that, what we're going to do -- Charlie is going to make some opening remarks. I have a few questions for him, and then we'll open up to general Q&A. Charlie, do you want to go ahead?
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