TIDM71EH TIDMLLOY
RNS Number : 9866R
Lloyds Bank Corporate Markets PLC
11 March 2021
11 March 2021
Lloyds bank CORPORATE MARKETS plc Annual Report and Accounts for
the year endED 31 December 2020
In accordance with Listing Rule 9.6.1, Lloyds Bank Corporate
Markets plc has submitted today the above document to the National
Storage Mechanism.
The document will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM
In fulfilment of its obligations under section 6.3.5 of the
Disclosure and Transparency Rules, Lloyds Bank Corporate Markets
plc hereby releases the unedited full text of its 2020 Annual
Report and Accounts.
A copy of the document is also available through the 'Financial
downloads' page within the 'Investors' section of the Lloyds
Banking Group plc website at www.lloydsbankinggroup.com
-END-
For further information:
Investor Relations
Douglas Radcliffe +44 (0)20 7356 1571
Group Investor Relations Director
douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44 (0)20 7356 3522
Head of Media Relations
matt.smith@lloydsbanking.com
FORWARD LOOKING STATEMENTS
This document contains certain forward looking statements within
the meaning of Section 21E of the US Securities Exchange Act of
1934, as amended, and section 27A of the US Securities Act of 1933,
as amended, with respect to the business, strategy, plans and/or
results of Lloyds Bank Corporate Markets plc together with its
subsidiaries (the Group) and its current goals and expectations
relating to its future financial condition and performance.
Statements that are not historical facts, including statements
about the Group's or its directors' and/or management's beliefs and
expectations, are forward looking statements. Words such as
'believes', 'achieves', 'anticipates', 'estimates', 'expects',
'targets', 'should', 'intends', 'aims', 'projects', 'plans',
'potential', 'will', 'would', 'could', 'considered', 'likely',
'may', 'seek', 'estimate' and variations of these words and similar
future or conditional expressions are intended to identify forward
looking statements but are not the exclusive means of identifying
such statements. Examples of such forward looking statements
include, but are not limited to, statements or guidance relating
to: projections or expectations of the Group's future financial
position including profit attributable to shareholders, provisions,
economic profit, dividends, capital structure, portfolios, net
interest margin, capital ratios, liquidity, risk-weighted assets
(RWAs), expenditures or any other financial items or ratios;
litigation, regulatory and governmental investigations; the Group's
future financial performance; the level and extent of future
impairments and write-downs; statements of plans, objectives or
goals of the Group or its management including in respect of
statements about the future business and economic environments in
the UK and elsewhere including, but not limited to, future trends
in interest rates, foreign exchange rates, credit and equity market
levels and demographic developments; statements about competition,
regulation, disposals and consolidation or technological
developments in the financial services industry; and statements of
assumptions underlying such statements. By their nature, forward
looking statements involve risk and uncertainty because they relate
to events and depend upon circumstances that will or may occur in
the future. Factors that could cause actual business, strategy,
plans and/or results (including but not limited to the payment of
dividends) to differ materially from forward looking statements
made by the Group or on its behalf include, but are not limited to:
general economic and business conditions in the UK and
internationally; market related trends and developments;
fluctuations in interest rates, inflation, exchange rates, stock
markets and currencies; any impact of the transition from IBORs to
alternative reference rates; the ability to access sufficient
sources of capital, liquidity and funding when required; changes to
the credit ratings of the Group or Lloyds Banking Group plc; the
ability to derive cost savings and other benefits including, but
without limitation as a result of any acquisitions, disposals and
other strategic transactions; the ability to achieve strategic
objectives; the Lloyds Banking Group's ESG targets and/or
commitments; changing customer behaviour including consumer
spending, saving and borrowing habits; changes to borrower or
counterparty credit quality impacting the recoverability and value
of balance sheet assets; concentration of financial exposure;
management and monitoring of conduct risk; exposure to counterparty
risk (including but not limited to third parties conducting illegal
activities without the Group's knowledge); instability in the
global financial markets, including Eurozone instability,
instability as a result of uncertainty surrounding the exit by the
UK from the European Union (EU), the EU-UK Trade and Cooperation
Agreement, and as a result of such exit and the potential for other
countries to exit the EU or the Eurozone and the impact of any
sovereign credit rating downgrade or other sovereign financial
issues; political instability including as a result of any UK
general election and any further possible referendum on Scottish
independence; technological changes and risks to the security of IT
and operational infrastructure, systems, data and information
resulting from increased threat of cyber and other attacks;
natural, pandemic (including but not limited to the COVID-19
pandemic) and other disasters, adverse weather and similar
contingencies outside the control of the Group or Lloyds Banking
Group plc; inadequate or failed internal or external processes or
systems; acts of war, other acts of hostility, terrorist acts and
responses to those acts, or other such events; geopolitical
unpredictability; risks relating to climate change; changes in
laws, regulations, practices and accounting standards or taxation,
including as a result of the UK's exit from the EU; changes to
regulatory capital or liquidity requirements (including regulatory
measures to restrict distributions to address potential capital and
liquidity stress) and similar contingencies outside the control of
the Group or Lloyds Banking Group plc; the policies, decisions and
actions of governmental or regulatory authorities or courts in the
UK, the EU, the US or elsewhere including the implementation and
interpretation of key laws, legislation and regulation together
with any resulting impact on the future structure of the Group; the
ability to attract and retain senior management and other employees
and meet its diversity objectives; actions or omissions by the
Group's directors, management or employees including industrial
action; changes to the Lloyds Banking Group plc's post-retirement
defined benefit scheme obligations; the extent of any future
impairment charges or write-downs caused by, but not limited to,
depressed asset valuations, market disruptions and illiquid
markets; the value and effectiveness of any credit protection
purchased by the Group; the inability to hedge certain risks
economically; the adequacy of loss reserves; the actions of
competitors, including non-bank financial services, lending
companies and digital innovators and disruptive technologies; and
exposure to regulatory or competition scrutiny, legal, regulatory
or competition proceedings, investigations or complaints. Please
refer to the latest Annual Report on Form 20-F filed by Lloyds
Banking Group plc with the US Securities and Exchange Commission
for a discussion of certain factors and risks. Lloyds Banking Group
may also make or disclose written and/or oral forward looking
statements in reports filed with or furnished to the US Securities
and Exchange Commission, Lloyds Banking Group annual reviews,
half-year announcements, proxy statements, offering circulars,
prospectuses, press releases and other written materials and in
oral statements made by the directors, officers or employees of
Lloyds Banking Group to third parties, including financial
analysts. Except as required by any applicable law or regulation,
the forward looking statements contained in this document are made
as of today's date, and the Group expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward looking statements contained in this
document to reflect any change in the Group's expectations with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. The information, statements
and opinions contained in this document do not constitute a public
offer under any applicable law or an offer to sell any securities
or financial instruments or any advice or recommendation with
respect to such securities or financial instruments.
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END
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