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Midas Edge

Lloyds Banking Group plc

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

View on SEC.gov

About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2023 · Filed Feb 22, 2024

LYG$5.09-1.7%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits
Contents

Form 20-F cross-reference sheet

Form 20-F Item Number and Caption · Location · Page
Part I
Item 1. · Identity of Directors, Senior Management and Advisers · Not applicable.
Item 2. · Offer Statistics and Expected Timetable · Not applicable.
Item 3.Key Information
A. · Reserved by the Securities and Exchange Commission · Not applicable.
B. · Capitalisation and indebtedness · Not applicable.
C. · Reason for the offer and use of proceeds · Not applicable.
D.Risk factors“Risk factors”169–181
Item 4.Information on the Company
A.History and development of the company“Business overview”2
“Business – History and development of Lloyds Banking Group”3
“Regulation”162–164
“Where you can find more information”168
B.Business overview“Business overview”2
“Business – Legal actions and regulatory matters”14
“Business – Competitive Environment”14
“Business – Recent developments”14
“Operating and financial review and prospects – Divisional information”23–24
“Operating and financial review and prospects”29-30, 74, 94–95
“Corporate Governance – Board oversight”133–139
“Regulation”162–164
C.Organisational structure“Lloyds Banking Group structure”182
D. · Property, plant and equipment · Not applicable.
Item 4A.Unresolved Staff CommentsNot applicable.
Item 5.Operating and Financial Review and Prospects
A.Operating results“Operating and financial review and prospects”15–95
“Operating and financial review and prospects – Market Risk”83–87
“Regulation”162–164
B.Liquidity and capital resources“Operating and financial review and prospects – Capital risk”45–52
“Operating and financial review and prospects – Funding and Liquidity Risk”75–81
“Operating and financial review and prospects – Investment portfolio, maturities, deposits”94–95
“Dividends”166
“Notes to the consolidated financial statements – note 48” · F-103–F-104
C. · Research and development, patents and licenses, etc. · Not applicable.
D.Trend information“Operating and financial review and prospects – Overview and trend information”16
E.Critical accounting estimates“Operating and financial review and prospects – Critical accounting judgements and key sources of estimation uncertainty”16
“Notes to the consolidated financial statements – note 3” · F-26
“Notes to the consolidated financial statements – note 24” · F-72–F-82

Form 20-F cross reference sheet continued

Form 20-F Item Number and Caption · Location · Page
Item 6.Directors, Senior Management and Employees
A.Directors and senior management“Management and employees – Directors and senior management”96–99
B.Compensation“Compensation”100–124
“Notes to the consolidated financial statements – note 14” · F-36
“Notes to the consolidated financial statements – note 15” · F-37–F-39
C.Board practices“Management and employees”96–99
“Corporate governance – Board Leadership and Company Purpose”130–144
“Corporate governance – Audit Committee report”149–152
“Articles of association of Lloyds Banking Group plc”166
D.Employees“Management and employees – Employees”99
E.Share ownership“Compensation – Directors’ share interests and share awards”109–110
“Notes to the consolidated financial statements – note 2 – employee benefits” · F-21
F. · Disclosure of a registrant’s action to recover erroneously awarded compensation · Not applicable.
Item 7.Major Shareholders and Related Party Transactions
A.Major shareholders“Major shareholders and related party transactions – Major shareholders”161
B.Related party transactions“Major shareholders and related party transactions – Related party transactions”161
“Notes to the consolidated financial statements – note 47” · F-102–F-103
C. · Interests of experts and counsel · Not applicable.
Item 8.Financial Information
A.Consolidated statements and other financial information“Report of Independent Registered Public Accounting Firm”F-2–F-5
“Consolidated financial statements” · F-7–F-13
“Notes to the consolidated financial statements” · F-14–F-131
“Business – Legal actions and regulatory matters”14
“Operating and financial review and prospects”15–95
“Dividends”166
B. · Significant changes · Not Applicable
Item 9.The Offer and Listing
A.Offer and listing details“Listing information”165
B. · Plan of distribution · Not applicable.
C.Markets“Listing information”165
D. · Selling shareholders · Not applicable.
E. · Dilution · Not applicable.
F. · Expenses of the issue · Not applicable.
Item 10.Additional Information
A. · Share capital · Not applicable.
B.Memorandum and articles of association“Articles of association of Lloyds Banking Group plc”166
C.Material contracts“Business – Material contracts”4
D.Exchange controls“Exchange controls”166
E.Taxation“Taxation”167–168
F. · Dividends and paying agents · Not applicable.
G. · Statements by experts · Not applicable.
H.Documents on display“Where you can find more information”168
I.Subsidiary information“Lloyds Banking Group structure”182

Form 20-F cross reference sheet continued

Form 20-F Item Number and Caption · Location · Page
Item 11.Quantitative and Qualitative Disclosures about Market Risk“Operating and financial review and prospects – Credit risk”58–73
“Operating and financial review and prospects – Market risk”83–87
“Notes to the consolidated financial statements – note 52” · F-108–F-122
Item 12.Description of Securities Other than Equity Securities
A. · Debt securities · Not applicable.
B. · Warrants and rights · Not applicable.
C. · Other securities · Not applicable.
D.American Depositary Shares“Listing information – ADR fees”165
Part II
Item 13.Defaults, Dividends Arrearages and DelinquenciesNot applicable.
Item 14.Material Modifications to the Rights of Security Holders and Use of ProceedsNot applicable.
Item 15.Controls and Procedures“Corporate governance”125–160
“Report of Independent Registered Public Accounting Firm” · F-6
Item 16.Reserved by the Securities and Exchange CommissionNot applicable.
Item 16A.Audit committee financial expert“Corporate governance – Audit Committee report”149
Item 16B.Code of ethics“Management and employees – Employees”99
Item 16C.Principal accountant fees and services“Corporate governance – Audit Committee report – Other significant issues – Auditor independence and remuneration”152
“Notes to the consolidated financial statements – note 17” · F-46
Item 16D.Exemptions from the listing standards for audit committeesNot applicable.
Item 16E.Purchases of equity securities by the issuer and affiliated purchasersNot applicable.
Item 16F.Change in registrant’s certifying accountantNot applicable.
Item 16G.Corporate governance“Corporate governance – Statement on US corporate governance standards”125
Item 16H.Mine safety disclosureNot applicable.
Item 16I.Disclosure regarding foreign jurisdictions that prevent inspectionsNot applicable.
Item 16J.Insider trading policiesNot applicable.
Item 16K.Cybersecurity“Operating and financial review and prospects - Operational risk and operational resilience risk”89-92
Part III
Item 17.Financial statementsSee response to item 18.
Item 18.Financial statements“Report of Independent Registered Public Accounting Firm”F-2–F-5
“Consolidated financial statements” · F-7–F-13
“Notes to the consolidated financial statements” · F-14–F-131
Item 19.ExhibitsSee “Exhibit index”188
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.