Lloyds on 22 February reported a rise in pretax profit for the fourth quarter of 2022 on higher income and a lower impairment charge and issued 2023 guidance as it updated its mid-term targets.

The UK bank posted a pretax profit for the three months to 31 December of £1.76bn ($2.13bn) compared with £968m for the same period a year earlier and with £1.78bn expected by a company-compiled consensus.