Bank sets aside just £44m for bad debts and defaults in second quarter amid upbeat outlookBusiness live – latest updatesFewer borrowers are likely to default on their loans and mortgages, Lloyds has said, as the banking group upped its forecasts for the UK economy.In fresh estimates released as part of its second-quarter results, Lloyds said it expected the economy to grow 0.8% in 2024 – double the rate of growth forecasted in April, when it predicted a 0.4% rise. Continue reading…
Source link : https://www.theguardian.com/business/article/2024/jul/25/lloyds-bank-defaults-loans-mortgages-uk-economy
Author : Kalyeena Makortoff Banking correspondent
Publish date : 2024-07-25 10:40:29
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Lloyds predicts drop in defaults on loans and mortgages as UK economy improves
