TIDM94WP
RNS Number : 1652Z
Lloyds Bank PLC
10 March 2017
10 March 2017
Lloyds bank plc
Annual Report and Accounts for the year endED 31 December
2016
In accordance with Listing Rule 9.6.1, Lloyds Bank plc has
submitted today the above document to the National Storage
Mechanism.
The document will shortly be available for inspection at
www.hemscott.com/nsm.do
In fulfilment of its obligations under section 6.3.5(1) of the
Disclosure and Transparency Rules, Lloyds Bank plc hereby releases
the unedited full text of its 2016 Annual Report and Accounts.
A copy of the document is also available through the 'Financial
Performance' page within the 'Investors & Performance' section
of the Lloyds Banking Group plc website at
www.lloydsbankinggroup.com
-END-
For further information:
Investor Relations
Douglas Radcliffe +44 (0)20 7356 1571
Group Investor Relations Director
Email: douglas.radcliffe@finance.lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)20 7356 3522
Head of Corporate Media
Email: matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This Annual Report contains certain forward looking statements
with respect to the business, strategy and plans of the Lloyds Bank
Group and its current goals and expectations relating to its future
financial condition and performance. Statements that are not
historical facts, including statements about the Lloyds Bank
Group's or its directors' and/or management's beliefs and
expectations, are forward looking statements. Words such as
'believes', 'anticipates', 'estimates', 'expects', 'intends',
'aims', 'potential', 'will', 'would', 'could', 'considered',
'likely', 'estimate' and variations of these words and similar
future or conditional expressions are intended to identify forward
looking statements but are not the exclusive means of identifying
such statements. By their nature, forward looking statements
involve risk and uncertainty because they relate to events and
depend upon circumstances that will or may occur in the future.
Examples of such forward looking statements include, but are not
limited to: projections or expectations of the Lloyds Bank Group's
future financial position including profit attributable to
shareholders, provisions, economic profit, dividends, capital
structure, portfolios, net interest margin, capital ratios,
liquidity, risk-weighted assets (RWAs), expenditures or any other
financial items or ratios; litigation, regulatory and governmental
investigations; the Lloyds Bank Group's future financial
performance; the level and extent of future impairments and
write-downs; statements of plans, objectives or goals of the Lloyds
Bank Group or its management including in respect of statements
about the future business and economic environments in the UK and
elsewhere including, but not limited to, future trends in interest
rates, foreign exchange rates, credit and equity market levels and
demographic developments; statements about competition, regulation,
disposals and consolidation or technological developments in the
financial services industry; and statements of assumptions
underlying such statements.
Factors that could cause actual business, strategy, plans and/or
results to differ materially from the plans, objectives,
expectations, estimates and intentions expressed in such forward
looking statements made by the Lloyds Bank Group or on its behalf
include, but are not limited to: general economic and business
conditions in the UK and internationally; market related trends and
developments; fluctuations in exchange rates, stock markets and
currencies; the ability to access sufficient sources of capital,
liquidity and funding when required; changes to the Lloyds Bank
Group's or Lloyds Banking Group plc's credit ratings; the ability
to derive cost savings; changing customer behaviour including
consumer spending, saving and borrowing habits; changes to borrower
or counterparty credit quality; instability in the global financial
markets, including Eurozone instability, the potential for one or
more countries to exit the Eurozone or European Union (EU)
(including the UK as a result of a referendum on its EU membership)
and the impact of any sovereign credit rating downgrade or other
sovereign financial issues; technological changes and risks to
cyber security; natural, pandemic and other disasters, adverse
weather and similar contingencies outside the Lloyds Bank Group's
or Lloyds Banking Group plc's control; inadequate or failed
internal or external processes or systems; acts of war, other acts
of hostility, terrorist acts and responses to those acts,
geopolitical, pandemic or other such events; changes in laws,
regulations, accounting standards or taxation, including as a
result of further Scottish devolution; changes to regulatory
capital or liquidity requirements and similar contingencies outside
the Lloyds Bank Group's or Lloyds Banking Group plc's control; the
policies, decisions and actions of governmental or regulatory
authorities or courts in the UK, the EU, the US or elsewhere
including the implementation and interpretation of key legislation
and regulation; the ability to attract and retain senior management
and other employees; requirements or limitations on Lloyds Banking
Group plc and the Lloyds Bank Group as a result of HM Treasury's
investment in Lloyds Banking Group plc; actions or omissions by the
Lloyds Bank Group's directors, management or employees including
industrial action; changes to the Lloyds Bank Group's
post-retirement defined benefit scheme obligations; the provision
of banking operations services to TSB Banking Group plc; the extent
of any future impairment charges or write-downs caused by, but not
limited to, depressed asset valuations, market disruptions and
illiquid markets; the value and effectiveness of any credit
protection purchased by the Lloyds Bank Group; the inability to
hedge certain risks economically; the adequacy of loss reserves;
the actions of competitors, including non-bank financial services
and lending companies; and exposure to regulatory or competition
scrutiny, legal, regulatory or competition proceedings,
investigations or complaints. Please refer to the latest Annual
Report on Form 20-F filed by Lloyds Banking Group plc with the US
Securities and Exchange Commission for a discussion of certain
factors together with examples of forward looking statements.
Lloyds Banking Group may also make or disclose written and/or
oral forward looking statements in reports filed with or furnished
to the US Securities and Exchange Commission, Lloyds Banking Group
annual reviews, half-year announcements, proxy statements, offering
circulars, prospectuses, press releases and other written materials
and in oral statements made by the directors, officers or employees
of Lloyds Banking Group to third parties, including financial
analysts. Except as required by any applicable law or regulation,
the forward looking statements contained in this Annual Report are
made as of the date hereof, and Lloyds Bank Group expressly
disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward looking statements contained in
this Annual Report to reflect any change in the Lloyds Bank Group's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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