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September quarter better for Lloyds

09 November 2011 5:34PM
Lloyds Banking Group last night reported that impaired loans in its business in Australia and New Zealand stabilised over the September quarter, but didn't provide any more details.Across Lloyds international division - which means Australasia and Ireland - the impairment charge for the quarter fell, even as asset quality declined in Ireland, so the Australian unit may have enjoyed a tolerable quarter.Three months ago, Lloyds put the percentage of loans classified as impaired at 35 per cent, at the end of June 2011, and the level of impaired loans at £353 million.

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