Lloyds Banking Group plc (LYG) European Financials Conference 2026 March 17, 2026 5:00 AM EDT
Company Participants
Charles Nunn – Group Chief Executive & Executive Director
Conference Call Participants
Alvaro de Tejada – Morgan Stanley, Research Division
Presentation
Alvaro de Tejada
Morgan Stanley, Research Division
Thanks, everyone, for joining this second session of the conference. I’m delighted to welcome one more year, Charles Nunn, CEO of Lloyds Banking Group. We were discussing it it’s your 5th or 6th year?
Charles Nunn
Group Chief Executive & Executive Director
My 5th year. And there’s events happening just before every year. So, it’s fun to be here again.
Alvaro de Tejada
Morgan Stanley, Research Division
It’s a feature, not a bag of the conference. Let’s start with the usual polling question. As you know, Lloyd’s is going to present a new phase of its strategy in July. What RoTE can achieve in the medium term, do you think? 15% or above? 15% to 16%? 16% to 18%? 18% to 20% or above 20% RoTE?
[Voting]
Alvaro de Tejada
Morgan Stanley, Research Division
16% to 18%. I think that’s — you can do more than that according to our stats, no pressure. Anyway.
Charles Nunn
Group Chief Executive & Executive Director
This is a new high. So instead of asking me for guidance, you’re not just giving us the guidance, which is great.
Question-and-Answer Session
Alvaro de Tejada
Morgan Stanley, Research Division
Idea sharing. Let’s start there. This is the last year of your strategy plan you laid out when you arrived. Let’s start with your — maybe with your reflections on what you’ve achieved so far? And what do you think the main challenges and priorities going forward are?
Charles Nunn
Group Chief Executive & Executive Director
Yes. So look, I’ll look back relatively quickly, but we kind of