The British bank announced that its pre-tax profit dropped by 7% to £1.517 billion (€1.790 billion), while its revenues increased by 7% to £4.695 billion (€5.540 billion).
As of March 31, the loan-to-deposit ratio was stable at 96%, compared to the same period the previous year, while the CET1 ratio stood at 13.5% with customer deposits reaching £487.691 billion (€575.475 billion).
The bank’s CEO, Charlie Nunn, noted today, as reported by Efe, that in the first quarter of 2025, “the group demonstrated sustained strength in its financial performance.”
“We have maintained our cost discipline, and asset quality remains resilient. We continue to make good progress on our strategic transformation, providing innovative ways for our customers to manage their financial needs and achieve their financial aspirations, aligned with our aim to help the UK prosper,” he added.
